The metroplex continues to shine as one of the best places to start a business, according to the latest ranking from WalletHub.
Six cities in Dallas-Fort Worth made the top 50 ranking of the “Best Large Cities to Start a Business” for 20205. While Dallas still had an impressive showing at No. 16, it represents a slight drop from the No. 14 spot it secured last year.
“Americans are born with an entrepreneurial streak. It’s in our DNA. From the Gold Rush to the Industrial Revolution to the Internet Age, intense periods of innovation have molded our economy and sparked important societal advancements,” read the April 21 report.
WalletHub examined 100 of the largest U.S. cities across three key dimensions.
- Business Environment (50 points): This category assessed factors like the average number of hours worked per week, the number of startups per capita, and the average growth of business revenue.
- Access to Resources (25 points): This dimension accounted for items like financing accessibility, human capital availability, higher education assets, the share of the college-educated population, and the working-age population growth rate.
- Business Costs: Lastly, the report compared costs such as office space affordability, labor costs, corporate taxes, and the cost of living.
Dallas gathered 56.64 points in this year’s ranking. The city’s top category was in the Business Environment, landing at No. 13. The Big D was also highlighted for having the second-longest workweek in the nation.
Orlando took the top spot in the country, followed by Tampa in second place and Austin in third.
So, how did the other DFW cities on the list perform?
- 11: Fort Worth
- 15: Arlington
- 22: Irving
- 29: Garland
- 43: Plano