St. George and Cedar City, Utah were named number one and two respectively, as the two best small cities to start a business. Washington, Utah was ranked fourth and Carlsbad, New Mexico was ranked 29th. All four cities are served by TDS.
The report was developed by WalletHub, who compared the business-friendliness of more than 1,300 small-sized cities. Their data set of 20 key metrics ranged from average growth in number of small businesses to investor access to labor costs.
According to WalletHub, the best cities can help new businesses survive economic shocks such the COVID-19 pandemic, which already caused around 100,000 small businesses to close permanently in 2020.
WalletHub is a personal finance website that was launched in 2013. It is owned by Evolution Finance, Inc. and is based in Washington, DC.