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Sunday, April 23, 2017
Best Small Cities to Start a Business? Kaneohe Ranks 1176th
By Selected News Articles @ 3:42 PM :: 4654 Views :: Hawaii Statistics, Small Business

2017’s Best & Worst Small Cities to Start a Business

From Wallet Hub, Apr 17, 2017

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 prospective ventures. Lower overhead costs, stronger relationships with customers and the potential to become a big fish in a little pond are among the benefits. But the drawbacks come plenty as well. For one, entrepreneurs seeking to cultivate a large professional network aren’t likely to fill their roster in a town with fewer residents. Other restrictions might include limited industry options, a less diverse customer base, and difficulty attracting and retaining top talent.

WalletHub’s analysts therefore compared the business-friendliness of 1,261 small-sized cities to determine the best overall for launching an enterprise. Their data set of 16 key metrics ranges from average growth in number of small businesses to investor access to labor costs.

read … Full Article

Overall Rank City Total Score 'Business Environment' Rank 'Access to Resources' Rank 'Business Costs' Rank
714 Kahului, HI 38.11 668 386 908
764 Pearl City, HI 37.7 793 252 868
976 Waipahu, HI 35.76 1017 1091 778
995 Hilo, HI 35.56 1179 1175 615
1176 Kaneohe, HI 33.26 1144 1018 864

 

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