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Study: Tampa Is No. 6 Best City to Start a Business

Tampa's skyline.

We learn two things from a recent study by NerdWallet.com:

  1. Tampa is the sixth-best U.S. city for starting a business.
  2. There's a NerdWallet.com.

The price comparison website recently calculated the best cities to start a small business, taking into account loan availability, per capita income, small business-friendliness rating and other factors.

Our own Cigar City ranked at No. 6 on the survey of 42 metro areas. Here's the explanation:

Tampa’s population is growing by 3% a year, and community banks are willing to lend to small businesses.  $80 million was lent from Tampa community banks in small C&I loans in 2012.  The city boasts a thriving business climate, and there are 11.5 businesses per 100 residents in Tampa.  Additionally, the University of South Florida College of Business hosts a Small Business Development Center, offering university-driven business information and market research as well as regular training and consulting.

Here's the full top 10:

  1. Atlanta, Georgia
  2. Raleigh, North Carolina
  3. Austin, Texas
  4. Tulsa, Okalahoma
  5. Oklahoma City, Oklahoma
  6. Tampa, Florida
  7. Seattle, Washington
  8. Minneapolis, Minnesota
  9. Houston, Texas
  10. Omaha, Nebraska

Small business owners, do you agree with the findings? Weigh in at Facebook.com/WUSF.


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