The City of Salisbury has been recognized as one of the best small cities in the country to start a small business. According to a report released by WalletHub, Salisbury was named the 16th best small city to start a business and tied for 1st in the highest average growth in number of small businesses.
“Salisbury is honored to receive this recognition,” said Mayor Al Heggins. “As we continue to support our current businesses through our Downtown Salisbury, Inc., we look forward to welcoming new businesses who choose Salisbury as a location to embark on a new business venture.
To determine the most business-friendly small markets in the U.S., WalletHub compared more than 1,200 cities with fewer than 100,000 residents across 18 key metrics. The data set ranges from small business growth rates and accessibility of financing to investor access and labor costs.
Starting a Business in Salisbury (1=Best; 631=Avg.):
• 169th – Office-Space Affordability
• 132nd – Labor Costs
• 1st – Avg. Growth in Number of Small Businesses
• 114th – Industry Variety
• 89th – Cost of Living
To view the full report and other city’s rank, please visit: https://wallethub.com/edu/best-small-cities-to-start-a-business/20180/