WalletHub has named Fort Myers as 2018’s 10th-best small city to start a business. To determine the rankings, WalletHub compared the business-friendliness of more than 1,200 small-sized cities and analyzed 18 key metrics ranging from average growth in number of small businesses to investor access to labor costs.
WalletHub compared 1,261 cities across three key dimensions including business environment, access to resources, and business costs, evaluating cities with a population of between 25,000 and 100,000 residents. “City” refers to city proper and excludes the surrounding metro area.
“We’ve streamlined our permitting process and are experiencing a significant uptick in activity,” said Saeed Kazemi, city manager. “The positive growth environment for new and existing businesses is incredible.”
Eight cities in Florida made the top 100, with Fort Myers being the only Florida city ranked in the top 20.
Data used in the study were collected from the U.S. Census Bureau, Bureau of Labor Statistics, Federal Deposit Insurance Corporation, AreaVibes, Yelp, Indeed, Tax Foundation, LoopNet and WalletHub research.