Improving Business in the Wilmington Region

The 2nd-best U.S. city to start a business is in N.C.

TRIANGLE BUSINESS JOURNAL                                                                                                                                                   Apr 29, 2015

Rebecca Troyer

Managing Editor-Triangle Business Journal


Wilmington is the second-best city in the U.S. to start a business, according to a new report.

San Francisco-based financial planning website NerdWallet analyzed 183 metropolitan areas with 15,000 or more businesses and populations of more than 250,000, as to six factors: The average revenue of businesses; the percentage of businesses with paid employees; the number of businesses per 100 people; the median annual income; median annual housing cost and unemployment rate.

All of the cities in the top 10 are in smaller markets of less than 1 million in population. Wilmington’s population is 259, 815.

Boulder, Colorado is the No. 1 place to start a business, according to the report.

Here’s how other North Carolina metros stack up among the 183 on the list: Asheville ranks No. 48, Durham-Chapel Hill is No. 57, Greensboro-High Point is No. 69, Raleigh-Cary is No. 73, Hickory-Lenoir-Morganton is No. 144, Charlotte-Gastonia-Concord is No. 146, Winston-Salem is No. 152 and Fayetteville is No. 175.