Verizon Business just released its Best Small Cities for Small Businesses report for 2018. Rapid City made the list as the #9 ranked city across the U.S. for small businesses.
Verizon Business announced the release of the “Best Small Cities for Small Businesses” report. We’ve all heard the phrase, “small businesses are the backbone of the US economy” – and for good reason – small businesses make up 99.7% of US employer firms. But what about the cities they start in? Verizon analysts dug deep into six factors relevant to small business owners to determine the top cities in our report.
Verizon gathered data from small cities (as defined by the US Census) across the country. The elements we pulled indicate the financial climate of each city and an overview of its demographics. We based our ranking off of six metrics: education level of the local workforce, in-city commute times, income per capita, broadband access, availability of SBA loans, and overall tax friendliness.