Hope you’re not sick of all of the great press Austin is getting lately. Now you can see how we are attracting 110 people a day!
Austin just topped the Business Journal’s list of Best Metro Areas for a Small Business
The question has become a familiar one, and so has the answer:
Q. Where is the best place to start and grow a small business?
A. Austin, Texas.
The Business Journals have posed this question nine times during the past 10 years — and Austin has been the answer ever since 2010. That’s five years in a row, including our newly released rankings for 2014.
Population: The Austin metro added 106,600 people during the first two years of this decade, a meteoric increase of 6.17 percent. The average market grew by 1.79 percent over the same period.
Employment: Austin also led the way in private-sector job growth, expanding its employment base by 13.95 percent between the final months of 2008 and 2013. That’s almost eight times faster than the average pace for all 101 markets, 1.79 percent.
Small-business growth: The number of small businesses in Austin shot up by 1.73 percent between 2010 and 2011, the latest period covered by official data. No other market did better than 1.49 percent, and most metros (83 of 101) actually suffered declines.
If you’d like to see what other cities made the list (and which are on the worst list) visit http://www.bizjournals.com/austin/news/news-wire/2014/04/02/best-and-worst-metro-areas-for-small-business.html