Carson City, NV is where Americans are Most Likely to Start a Business

NEW YORK - Oct. 2, 2019 - PRLog -- AdvisorSmith, a leading information resource for small business owners, today published a study today about the places where Americans are starting the most businesses on a per capita basis.

The study, based upon data from the US Census Bureau and the Bureau of Labor Statistics, ranked 353 US Cities and the 50 US States on the following factors:

• New firms and establishments opened in cities and states

• Population estimates for states and cities

Key Findings

• 9 of the top 10 cities where American entrepreneurs were most likely to start a new business were small or mid-sized cities in Western states. The top 5 cities were Carson City, Nevada; Boulder, Colorado; Missoula, Montana; Coeur d'Alene, Idaho; and St. George, Utah.

• The study considered new businesses with at least one employee. The U.S. has approximately 6 million businesses with at least one employee, and the new creation rate for businesses was roughly 2.3 new businesses per 1000 population.

• The top 7 states where Americans are most likely to start businesses were all Western states: Montana, Washington, California, Idaho, Utah, Colorado, and Wyoming led the way for rate of new entrepreneurs.

Top 10 Cities where Americans are Most Likely to Start a Business

1. Carson City, NV

New Businesses Per 1000 Population: 4.61

2. Boulder, CO

New Businesses Per 1000 Population: 4.52

3. Missoula, MT

New Businesses Per 1000 Population: 4.09

4. Coeur d'Alene, ID

New Businesses Per 1000 Population: 3.87

5. St. George, UT

New Businesses Per 1000 Population: 3.83

6. Billings, MT

New Businesses Per 1000 Population: 3.80

7. Bend, OR

New Businesses Per 1000 Population: 3.79

8. Bellingham, WA

New Businesses Per 1000 Population: 3.78

9. Idaho Falls, ID

New Businesses Per 1000 Population: 3.59

10. Naples, FL

New Businesses Per 1000 Population: 3.58

To view the original report and see the rest of the top 50 cities and state visit:

https://advisorsmith.com/data/top-cities-where-americans-start-the-most-businesses/

About AdvisorSmith

AdvisorSmith is a leading information resource for small business owners. AdvisorSmith empowers small businesses with original research and insights into trends to help them succeed. For more information, go to https://advisorsmith.com or follow us on Twitter @AdvisorSmithInc.