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It’s no secret that Jacksonville’s population is growing, but a recent report shows the local business landscape has a similar trajectory.
The study from The Credit Review, a personal finance website, shows Florida is the best state to start a small business, and Jacksonville is the best metro area for businesses in Florida.
The study took into account the top 100 metro areas in the U.S. and examined their unemployment rates, population growth, GDP per capita, new business creation and business tax climate.
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Florida did so well on the list because of its “super-tax-friendly status and minimal small business regulations,” the report said, with the state holding nine of the top 10 most business-tax-friendly areas in America.
Of 100 metro areas, six Florida ones made the list’s top 20. Other top cities in Florida for local businesses include Sarasota at No. 10, Tampa at No. 12, Miami at No. 14, Cape Coral at No. 17 and Orlando at No. 19.
The most successful industries in Florida’s small business world are in the health care and social assistance sectors. Seven of the top 25 metro areas best for these small businesses were located in Florida, including Sarasota, Miami and Fort Myers.
As people continue to move to Jacksonville, the outlook for local businesses development and small business owners’ success seems to be a positive one.
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