Opening a small business can be a challenge, and choosing the right city can make the difference between success and failure for even the most promising of ventures.
To ensure that entrepreneurs identify the best cities for their future business endeavors, CoworkingCafe ranked the top 20 best places for small businesses, by analyzing 136 cities across 11 key metrics such as GDP growth, number of business applications, labor costs and more.
Known for its vibrant business ecosystem and strategic location, Denver, ranking 15th nationally, offers a wealth of opportunities for entrepreneurs. Here are some key highlights:
- Impressive Labor Force Pool: The 74% of people in the workforce place Denver fourth in the nation for this metric.
- Strong Business Landscape: Denver boasts the fifth-strongest business application rate, with 3,506 applications per 100K residents.
- High Density of Coworking Spaces: The city has 12.1 coworking spaces per 100K residents, ranking ninth nationally for this metric.
- Educated Workforce: 39.6% of Denver’s population holds a bachelor’s degree, placing the city 13th nationwide.
- Strong Economic Growth: With a GDP growth rate of 34.1%, Denver’s economy is thriving, ranking 14th nationally for this metric.
You can read the full study and the methodology here: https://www.coworkingcafe.com/blog/top-cities-for-small-businesses/
