Written by The Business Journal Staff
A new report ranked the Central Valley region as the fifth worst place to start a small business.
Topping the list at No.1 is Charleston, South Carolina.
RewardExpert is a website that helps travellers develop strategies to travel the least amount of miles or points to reach their destination.
The report, “2018’s Best and Worst Places to Start a Small Business”, analyzed 177 metro areas based on 30 data indicators to determine which places in the country give small businesses and startups the best chance to succeed, and which ones might present the most challenges.
The study attributes the Central Valley’s ranking to high office vacancy rates, a high unemployment rate of 8.4 percent when compared to that national rate of 5.7 percent and low educational levels.
This report contradicts another recent study conducted by LendingTree that ranked Fresno No. 9 for the best cities for new and small businesses in the U.S.
The three best cities to start a small business are:
The Three worst cities to start a small business are:
Charleston-North Charleston, South Carolina
Florida Panhandle Region (Tallahassee-Pensacola, Florida)
Inland Empire and Bakersfield, California (Bakersfield-Riverside-San Bernardino-Ontario, California)
To read the study, visit: https://www.rewardexpert.com/blog/studies/2018s-best-and-worst-places-to-start-a-small-business/