In the United States, Florida is widely regarded as a highly appealing destination for businesses due to its low corporate tax rates and plentiful investors. Orlando, in particular, has experienced rapid growth in small businesses and has been ranked as the most attractive market in the country by WalletHub.
The city offers new businesses ample opportunities to secure funding thanks to its high number of investors per capita. Additionally, Orlando boasts one of the highest growth rates for the working-age population, providing businesses with access to a pool of potential new employees.
While Tampa may not have the same level of growth as Orlando, it still ranks highly as the second-best city for starting a business thanks to its low corporate tax rate and abundance of investors. The city also has a large number of startups with high survival rates on the Entrepreneurial Activity Index.
Charlotte ranks third on this list due to its diverse range of industries and some of the lowest corporate taxes in the nation. This encourages companies to reinvest more capital into their businesses. The top 10 cities for starting a business include Jacksonville, Miami, Atlanta, Fort Worth, Austin, Durham, and St. Petersburg.
Despite ongoing challenges such as COVID-19 pandemic, Great Resignation and high inflation these cities are well-positioned to overcome them and continue fostering a favorable environment for businesses.