Apr 20, 2016
Personal finance website Wallethub has named its list of top 20 small cities to start a business. The town of Irondequoit makes the list at number 13.
The Irondequoit Chamber of Commerce enjoys a robust membership of local small businesses, and has presided over five ribbon cuttings at new businesses around Irondequoit since the beginning of the year.
Excerpt from the report: Ahead of National Small Business Week, WalletHub's analysts compared the business-friendliness of 1,268 small-sized cities to identify the best overall for launching an enterprise. Their data set of 15 key metrics ranges from “average growth in number of small businesses" and “prevalence of investors" to “office-space affordability" and “corporate taxes."
And as many veteran entrepreneurs — and failed startups — understand well, bigger is not always better. Depending on an entrepreneur's type of business and personal preferences, a city with a smaller population can be a better option [...] Of course, every small city offers unique advantages and disadvantages to prospective ventures. Lower overhead costs, stronger relationships with customers and the potential to become a big fish in a little pond are among the benefits.