Photos: Ten best cities to start a business -- and where Denver ranks
Big photos below.
NerdWallet.com recently listed Denver among the ten best cities for female entrepreneurs -- and the city manages another top ten finish when it comes to the site's picks for the best cities to start a business.
Continue to count down the photo-illustrated top ten, supplemented with NerdWallet text and a graphic breaking down the stats, and click here to check out the original post.
Note: The criteria for the rankings is based on the following:
1. Access to funding: we calculated what we defined as small business loans--the dollar value of commercial and industrial (C&I) loans under $250,000 lent per capita in 2013 by banks with under $10 billion in total assets in each city.
2. Human capital: access to quality human capital and ease of hiring are important factors for businesses, so we measured recent population growth and the percentage of residents in each city with a Bachelor's degree or higher.
3. Local economy: we evaluated the strength of the local economy through per capita income and unemployment rate.
4. Business-friendliness: we measured the number of businesses per 100 residents and included the small business friendliness rating from Thumbtack's 2013 Survey of Small Business Owners by assigning numerical values to letter grades (an "A+" is equivalent to a score of 12, "A" is 11..."F" is 0).
5. Affordability: since affordability is vital for startup businesses, we included the 2013 cost of living index in our analysis.
Number 10: Memphis, Tennessee
Memphis has one of the highest amounts of C&I loans lent per capita as well as the lowest cost of living index of the 50 largest cities. Institutional resources include Emerge Memphis, an organization that provides strategic support to startups and entrepreneurs in the Mid-South....
Number 9: Denver, Colorado
Denver's top industries are aerospace and aviation, broadcasting and telecommunications, energy and healthcare. Some of the business-friendly characteristics of the city include a high proportion of well-educated people and a moderate cost of living. People hoping to start a business here can find resources at the Denver Metro Small Business Development Center....
Continue to keep counting down NerdWallet.com's list of the ten best cities to start a business.Next Page
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