Have a startup in mind? Pick any one of 7 Utah small cities
You just about can’t go wrong if you decide to start a business in Utah. Personal finance website WalletHub has ranked seven Utah communities among its 2022 Best Small Cities to Start a Business.
Washington and St. George in Washington County ranked No. 1 and No. 2, respectively, on the recently released list. The other Utah cities making the top 20 were Cedar City (No. 4), Logan (No. 8), Eagle Mountain (No. 9), Lehi (No. 14) and Pleasant Grove (No. 20).
To determine the most business-friendly small markets in the U.S., WalletHub compared more than 1,300 cities with fewer than 100,000 residents across 18 key metrics. The data set ranges from small-business growth rates and accessibility of financing to investor access and labor costs.
Other Intermountain cities named by WalletHub included Bozeman, Montana, (No. 3), which had the highest number of startups per 100,000 residents with 332.13; and Cheyenne, Wyoming (No. 12).