ORLANDO – Nowhere is the number of small business start-ups growing faster than in Orlando, and a significant percentage survive, making it the most attractive market in the U.S., according to a new report from WalletHub. .
The report says that because the city has “a significantly higher number of investors per capita,” new businesses in Orlando have a better chance of obtaining the funding they need to survive and thrive.
Orlando, which has one of the highest rates of growth in the working-age population in the country, is an added boost as companies have a large pool of potential new employees.
According to WalletHub, Tampa ranks second among large cities to start a business.
Companies are attracted to low corporate tax rates. This allows businesses to secure more revenue. The number of investors per person is also large. The combination “gives companies more resources to weather the difficult early years,” according to the report.
According to the Entrepreneurial Activity Index, Tampa has many startup companies in the city and the survival rate of those startups is high.
Charlotte ranked third because it is home to a variety of industries, not to mention having the lowest corporate taxes in the country. Therefore, companies tend to reinvest more of their capital.
Rounding out the top 10 is Jacksonville, Florida. Miami; Atlanta; Fort Worth, Texas. Austin. Durham, North Carolina. and St. Petersburg, Florida.
According to WalletHub, recent years have been the toughest ever for U.S. business owners due to the coronavirus pandemic, mass resignations, and high inflation. Nevertheless, they are best positioned to overcome those challenges.
