To start a business, regardless of where you live, you have to considered the many advantages a particular state or city has on the success of your business. Paperwork and taxes are too cumbersome for many small business owners to consider, so the less they have to deal with those issues the better. The attraction of many cities for the small business owner is the possibility to finding funding, less taxes and paperwork.
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Small-Business Owners Gained Confidence in April
WASHINGTON — Small-business owners in the United States gained confidence in April and were surprisingly bullish about capital expenditure plans, further supporting views that economic growth is rebounding after a dismal first quarter.
The Labor Department also reported on Tuesday that job openings fell in March. The National Federation of Independent Business said on Tuesday that its Small Business Optimism Index rose 1.7 points to 96.9 last month. It was the largest gain since December.
Small businesses historically have accounted for half of private gross domestic product. The economy is clawing back after being hit by a mix of bad weather, disruptions at ports, a strong dollar and deep spending cuts by energy companies.Data on employment and consumer sentiment have suggested a pickup in growth momentum at the start of the second quarter, but the dollar and lower oil prices continue to weigh on manufacturing.
San Francisco Chamber CEO Applauds Small-Business Rebels
Small businesses take center stage in San Francisco next week, with an emphasis on disruptive technology and businesses that have butted heads with the status quo.
Uber and Airbnb sprang up in this city, beginning as startups testing new, even quirky business models. They quickly transformed into global companies.
Chamber of Commerce President Bob Linscheid says there are lessons to be learned from businesses — startups or established companies — that challenge the norm.
“That lesson is that you must constantly innovate,” he says. “Our city is a haven for innovation and entrepreneurship.”
The Best And Worst Cities For Small Business Employees
Last month, Forbes reported on the best cities for starting a business this year, and much attention is frequently given to the locations working the hardest to attract founders who’ll create coveted jobs. But which cities are the most hospitable to those who hold those positions?
To determine the best and worst cities for small business employees, personal finance site WalletHub looked at 100 of the country’s largest metro areas, evaluating each against 11 metrics that examine the small business climate as well as the larger economic environment.
As a means of measuring the health of the small business scene in each city, WalletHub considered the number of business with less than 250 employees per every 1,000 residents, small business job growth, diversity of industries, percentage of small businesses offering health insurance to employees and employee earnings adjusted for cost of living.
