As a media company founded in Fort Wayne, we are ecstatic to see that it’s among the top 10 best places to start a business. NerdWallet.com recently analyzed 183 metro areas (15k+ businesses & 250k population) to find the places that have desirable qualities for starting a new business. Six metrics were considered to determine whether or not businesses in the area are successful and whether or not the overall economy is strong. The determining factors were: average revenue of businesses, percentage of businesses with paid employees, number of businesses per 100 people, average annual income, average cost of housing and the unemployment rate.
NerdWallet had this to say about Fort Wayne:
“As Indiana’s second-largest city, Fort Wayne has a low cost of living, family-friendly neighborhoods and a vibrant downtown. Local businesses here include The Olive Twist, an olive oil and balsamic vinegar boutique, and Pure Movement Pilates, a pilates studio. Businesses can join Greater Fort Wayne Inc. to get listed in its business directory, attend networking events and get business referrals. The city also has a step-by-step guide to starting a business in Fort Wayne.”
The list is a flip from their study conducted last year, which highlighted larger cities. This emphasis on smaller midwest markets bodes well as Fort Wayne continues to invest in downtown development. The world is watching, so let’s continue forward with a positive attitude for growth and community here at home.