No small feat: Austin named best city for small business in U.S.No small feat: Austin named best city for small business in U.S.https://www.recenter.tamu.edu/news/newstalk-texas/?Item=130342016-05-03T05:00:00Z2016-05-03T19:40:00Z

​​​​​​​AUSTIN - ​​Austin is the best city in the U.S. to start a small business, according to American City Business Journals.

The study looked at the country's 106​​ largest metros and ranked them based on how they nurture the creation and development of small businesses.

For the rankings, a small business was defined as a company with one to 99 employees.

Here are some fast takeaways:

  • 9.7 percent—that was the growth in the number of small businesses based in Austin from 2010–2013, which led the nation by a big margin (Provo, Utah, came in second at 6.8 percent).
  • Austin had 44,163 small businesses in 2013—that's 2,342 for every 100,000 residents.
  • The city's gross metropolitan product (a scaled-down version of gross domestic product, measuring all goods and services produced in the area) grew 18.2 percent from 2011-2014, second in the nation behind only Dallas.
  • The share of jobs in the private sector labor market provided by small businesses was 35.1 percent in 2012.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/news/2016/04/29/reportaustin-no-1-for-small-business.htmlRead more at the {Source}

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