Which U.S. cities are the most hospitable to small business entrepreneurs?
G. Scott Thomas, the On Numbers columnist at The Business Journals, analyzed small business in 100 metropolitan areas and named Austin the top spot for small business for the third year in a row. (Scott defined small business as any private-sector employer with fewer than 100 workers.)
Thomas's rankings are based on a six-part formula that includes five-year population growth, one- and five-year private-sector employment growth, number of small businesses per 1,000 residents, one-year change in that concentration and one-year growth in the number of small businesses. The 2012 rankings are based on 2009 data, the latest year for which figures are available from the U.S. Census Bureau.
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