New Report Ranks Atlanta Among Best For Small Businesses

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You already know Atlanta is a haven for businesswomen, but the news gets even better. According to a new report from loan site LendingTree, Atlanta is among the top cities for small businesses.

The site commissioned an online survey of 1,281 Americans from Jan. 2-10, 2020 to come up with the findings, which show that Atlanta ranks #6 among top cities for small businesses.

Top 10 Places for New Small Businesses

Here are the top 10 cities, according to LendingTree.

Rank

Metro

% of Businesses 5
Yrs Old or
Younger

% of
Businesses
Profitable

% of Businesses
with Revenue Less
than $1M

% of Firms with
Less than 250
Employees

Index

1

Seattle

34.4%

70.9%

70.3%

95.6%

100

2

Denver

35.7%

69.4%

70.8%

94.9%

97.46

3

Tampa, Fla.

35.4%

64.9%

74.1%

95.8%

95.76

4

Miami

39.2%

61.0%

76.7%

97.9%

92.37

5

Portland, Ore.

33.1%

69.8%

69.2%

95.5%

88.98

6

Atlanta

35.5%

66.6%

70.2%

95.2%

88.14

7

Orlando, Fla.

38.6%

64.7%

74.0%

94.6%

86.44

8

Los Angeles

36.3%

62.9%

69.6%

98.0%

83.9

9

New York

35.7%

57.4%

72.1%

98.6%

81.36

10

Minneapolis

27.9%

69.1%

69.6%

95.9%

79.66

 See the full report HERE.

Is Atlanta A Good Place To Start A Business?

With a diverse economy, strong population growth and higher than average cost of living, Atlanta is a very good place to start a business.
 
When it comes to doing business, Atlanta has one of the lowest costs of doing business in the country, considering its size.

The state of Georgia also provides a bevy of incentives to high-profile sectors such as the film industry and more.

Interested in other ways to save or make money? Check out our Money Section:

Tee Johnson: Tee Johnson is the co-founder of AtlantaFi.com and as an unofficial ambassador of the city, she's a lover of all things Atlanta. She writes about Travel News, Events, Business, Hair Care (Wigs!) and Money.