published on April 24, 2018 - 1:48 PM
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:

Denver-Aurora-Lakewood, Colorado

Boston-Cambridge-Newton, Massachusetts

Bridgeport-Stamford-Norwalk, Connecticut

 

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/


e-Newsletter Signup

Our weekly poll

Did Gov. Newsom make the right call requiring vaccines for state employees, health workers?

Loading ... Loading ...

Central Valley Biz Blogs

Popup

3/5

Article views

remaining

Sign up icon

To continue website access to

TheBusinessJournal.com

please create a FREE account OR login here.

1/5

Article views

remaining

SKIP THE POP-UPS
For only $59 for one 1-year you will receive the Print edition along with EVERYTHING The Business Journal has to offer digitally, PLUS you will have unlimited 24- hour a day access to view articles at

TheBusinessJournal.com

Use Promo Code

*New Subscribers Only

Digital and Print

XX Days Remaining

until you can view 5 more free articles

Sign up icon

Want access? Subscribe now & save $20 OFF.

Use Promo Code

WEBSUB20

* NEW SUBSCRIBERS ONLY