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Home  >  Austin business accounting  >  Austin ranked number one city in South for small business

Austin ranked number one city in South for small business

Posted on Tuesday, April 10th, 2012 at 5:45 pm.

The city of Austin has been ranked number one for small businesses in the southern region of the U.S. for the third year in a row.

According to On Number, who ranks the U.S. cities annually, Austin has the best climate for small business growth. Followed being by Raleigh at number two and Oklahoma City at number three.

According to the Business Journals, the numbers are calculated by six different factors including growth in population, the concentration of small business in the area, and the amount of employment losses and gains throughout the year. Officials have stated that the strong population growth in the area are a reason for the number one ranking.