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Monday, April 22, 2019
Hawaii's Best & Worst Small Cities to Start a Business
By Selected News Articles @ 5:22 PM :: 1702 Views :: Hawaii Statistics, Small Business

2019’s Best & Worst Small Cities to Start a Business

From Wallet Hub, April 22, 2019

Size matters when choosing a city in which to launch a startup. As many veteran entrepreneurs — and failed startups — understand well, bigger is not always better. A city with a smaller population can offer a greater chance of success, depending on an entrepreneur’s type of business and personal preferences.

Every small city offers unique advantages and disadvantages to new business owners. Some benefits include lower overhead costs, stronger relationships with customers and the potential to become a big fish in a little pond. But there are plenty of drawbacks, too. For one, entrepreneurs who want to build a large professional network aren’t likely to make as many connections in a town with fewer residents. Other restrictions might include limited industry options, a less diverse customer base, and difficulty attracting and keeping top talent.

To determine the best small cities to start a business, WalletHub compared the business-friendliness of more than 1,200 small-sized cities. Their data set of 18 key metrics ranges from average growth in number of small businesses to investor access to labor costs….

read … Full Report

 

Overall Rank (1=Best) City Total Score 'Business Environment' Rank 'Access to Resources' Rank 'Business Costs' Rank
488 Hilo, HI 44.64 848 347 632
508 Kahului, HI 44.39 347 214 960
1184 Waipahu, HI 36.7 1244 922 819
1231 Pearl City, HI 35.04 1122 1250 908
1239 Kaneohe, HI 34.38 1232 1138 937
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