The deepest employee pool and cheapest employees were New Orleans’ top reasons for its rank.
Shreveport ranked high in “access to resources” and in “business environment.
With the number of self-employed Americans expected to rise to more than 60 million by 2020, the leading personal finance social network WalletHub conducted an in-depth analysis of 2015’s Best Cities to Start a Business.
In order to help aspiring entrepreneurs maximize their chances for long-term prosperity, WalletHub analyzed the relative start-up opportunities that exist in the 150 most populated U.S. cities. We did so using 13 key metrics, such as the number of small businesses per capita, financing accessibility and the educational attainment of the local workforce.
Starting a Business in New Orleans (1=Best; 75=Avg.)
$1· 58th – Financing Accessibility
$1· 67th – Office Space Affordability
$1· 50th – Hardest Working Population
$1· 16th – Deepest Employee Pool
$1· 76th – Lowest Cost of Living
$1· 19th – Cheapest Employees
$1· 45th – Most Educated Workforce
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