GRAND RAPIDS, Mich. – Looking to start a business? Wallethub.com says the best small city to start a business is Holland, Michigan.
The online credit site says a combination of Business Environment, Access to Resources, and Business Costs, puts Holland at the top of the 2018 list. Holland ranked #3 in the country for Access to Resources, which includes access to financing and investors, employable workers, workforce education and population growth. Holland also ranked in the top 50 for Business Costs, which include office space costs, labor costs, taxes and cost of living.
Holland was the only Michigan city in the top 30 of 1,261 cities that were ranked. The other cities in the top 5 were St. George, Utah, Aberdeen, South Dakota, Wilson, North Carolina and Cheyenne, Wyoming.
Kentwood, Michigan made the list for having the least expensive office space. Kentwood and Wyoming, Michigan also ranked at the top for having the Highest Average Growth in Number of Small Businesses.