If you’re looking to start a new business or move your existing one, researching what city to live is vital. Sure, great restaurants, interesting entertainment, and agreeable weather are pluses, but knowing where your industry thrives is equally important.
The data is out and confirms what most of us already know; if you want to start a successful business, it’s nearly a requirement to live or be near a large major city. However, which city you should live in depends on the type of business you want to start. If you’re looking to launch a fashion or finance business, as expected, New York City is your spot. But what if you’re interested in bioscience or business services? In that case, you’re actually better off moving to Phoenix. As for engineering, there’s only one mecca and that’s Chicago.
While New York City and Los Angeles still top the lists for business owners, those who want to escape mega-cities will be pleased to know Houston is an overall great, entrepreneur-friendly city to live. Dallas and Austin also show up frequently as great hubs for entrepreneurs. So, if you want the benefits of a big city, but prefer more low key living, you may want to head over to Texas.
For more data on the best cities for entrepreneurs, check out the infographic below, courtesy of SmallBizTrends.com.