Might Be Time to Move to This Small Business City
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Your inbox is filling up, your A/C costs are skyrocketing, the best characters on Game of Thrones keep dying: even though the summer is finally here, life’s not all sunshine and clear skies.
For bootstrapping entrepreneurs, the struggle can be *very real.*
And while it’s easy to let setbacks and obstacles knock you down, here’s some encouraging news: According to the U.S. Small Business Administration, business launches have, over the past few years, outpaced business closures.
Small victories, people!
Of course, certain cities see a higher volume of said launches than others. Newly released data from Small Business Trends reveals which metropolises came out on top (based on a 2013 Business Patterns survey — the most recent year the information was collected by the U.S. Census), and the industries that are flourishing in each.
1. New York City
Number of SMBs (aka Small Businesses): 98,944
Top Industries: Retail, tech, real estate, food service
Number of SMBs: 68,036
Top Industries: tech, hotel, social assistance, finance
3. Los Angeles
Number of SMBs: 62,036
Top Industries: tourism, retail, insurance, food services
Number of SMBs: 57,600
Top Industries: medical research, tourism, food, retail
Number of SMBs: 57,152
Top Industries: tech, retail, food services, wholesale trade
Number of SMBs: 34,851
Top Industries: construction, media, food manufacturing, sports
7. San Diego
Number of SMBs: 33,386
Top Industries: cybersecurity, maritime, tourism, construction
Number of SMBs: 32,024
Top Industries: retail, scientific services, health care, construction
9. San Francisco
Number of SMBs: 30,723
Top Industries: retail, tourism, tech, wineries/breweries
10. Las Vegas
Number of SMBs: 29,907
Top Industries: tourism, construction, transportation, retail