Best towns in Texas for starting a small business
TEXAS – Despite all of its grandiosity, Texas is still home to many towns and cities that offer some of the best small businesses around.
LendEDU has recognized the 100 towns and cities in the Lone Star State that have become the very best for starting small business.
Small businesses need a strong daytime population, customers with good incomes, and a low cost of operation to open and thrive.
Those factors make certain parts of Texas better than others for getting a company off the ground, according to a report by LendEDU.
To compile the ranking, the authors evaluated the cities on three main metrics and their components:
Population (20 percent)
- The difference between the normal population and the population present during standard working hours; and,
- The forecasted population growth over the next five years.
Income (40 percent)
- Residents’ average disposable income; and,
- The forecasted income growth over the next five years.
Expenses (40 percent)
- Property tax rates;
- Sales tax rates;
- Average cost for utilities;
- Rate of burglaries as compared to the national average; and,
- Rate of property crimes as compared to the national average.
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