Economic Development and Small Business & Startups

Grand Rapids is No. 13 'large city' in US to start a business

April 30, 2018
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Grand Rapids has been ranked among the top “large cities” for entrepreneurship in the country.

WalletHub, a personal finance website, ranks Grand Rapids No. 13 in its 2018 ranking of the “Best Large Cities to Start a Business,” just behind Salt Lake City, No. 11, and Denver, No. 12, and edging out Miami, No. 14, and Orlando, Florida, No. 15.

To create the ranking, WalletHub compared 182 U.S. cities — including the 150 most populated cities, plus at least two of the most populated cities in each state — across 19 indicators of startup viability in three key dimensions: business environment, access to resources and business costs.

The data set ranged from five-year business-survival rate to venture investment amount per capita to office-space affordability.

Grand Rapids ranks 82nd for business environment, 24th for access to resources and 14th for business costs, for an overall score of 58.43 of 100.

WalletHub placed Grand Rapids fifth in the same ranking last year.

Top 10

1.   Oklahoma City
2.   Austin, Texas 
3.   Sioux Falls, South Dakota
4.   Missoula, Montana
5.   Durham, North Carolina
6.   Bismarck, North Dakota
7.   Cheyenne, Wyoming
8.   Billings, Montana
9.   Charlotte, North Carolina
10. Raleigh, North Carolina

Bottom 10

173. Providence, Rhode Island
174. Vancouver, Washington
175. Philadelphia
176. Wilmington, Delaware
177. Chesapeake, Virginia
178. Pearl City, Hawaii
179. Manchester, New Hampshire
180. Columbia, Maryland
181. Nashua, New Hampshire
182. Warwick, Rhode Island

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