These Are the 20 Best Cities for Small Businesses, According to a New Report

In 2023, a record-breaking 5.5 million new business applications were filed in the U.S., and the U.S. Treasury reported in September that the agency is still receiving more than 430,000 small business applications a month.

But while the entrepreneurial dream is alive and well, the question of where to open your business might seem daunting — and can be the most important decision of your life.

Related: These Are the Best Cities for Surrounding Yourself With Millionaires

That’s why CoworkingCafe looked at 11 key metrics in 136 cities across the U.S., such as GDP growth, number of business applications, and labor costs, to rank the 20 best places for small businesses.

Scottsdale,

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