These are the 10 best big cities in America for starting a business via CNBCMakeIt
Financial websiteon Monday that looks at 100 large US cities to determine which ones offer the best conditions for launching a new business. Three Florida cities are among the five best large cities for starting a business, according to WalletHub, while New York City and Los Angeles don't even crack the top 25.
For its study, WalletHub compared 100 different cities — ranging in size from Baton Rouge to New York City — and evaluated them based on three elements: the business environment, access to resources and business costs. Within those three categories, WalletHub rates each of the 100 cities based on, including start-ups per capita, the number of working age and college-educated residents in the area, local cost of living and labor costs, among others.
Orlando, the Florida city of over 280,000 people landed the top spot on the site's ranking. The home of Walt Disney World scored the top spot thanks to ranking sixth overall in terms of the local business environment, while WalletHub ranked the city 17th overall in terms of business costs. On the other hand, Orlando ranked 50th in the "access to resources" category.of the best large cities for starting a business, placed second on this year's list.
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