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Best small business cities for minority entrepreneurs 2014

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Biz2Credit has identified San Jose as the best small business city for minority entrepreneurs in America. The study defined minorities as Asian, African American and Hispanic Americans.

Publicado en: PYMES y liderazgo
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Best small business cities for minority entrepreneurs 2014

  1. 1. Biz2Credit” "W I Afsiiiileelelf-stZiijJ§ifI;0iiil§I, I;[U§: c , ‘ii * " IIl. =i? "E‘i! 'I. L‘. Ii~Z7 . 4 i i . i i_ i 4 A 5 K. I I _. . . ‘ I -9 . T ~ ' . If T’ _i 7 i , I -__ A I I R , 7_ (V . .- i = “i L /3 5‘ I _; r ' i I ‘ , 4’-' , _ i‘ ‘ X“ Ie _ 7 "I r /5' I I ‘ x‘ -' l__‘_‘ 74 . ‘ (T; , I L511“ —'—LV 5 T’ I I‘ I . ‘ i i if. /.* i ' 4; , ,i . 6 I _. _ __ .3’ I I i_ r J [4, ‘r . I I r , ) _i"' ' ' ' “ "‘ . _ I I L ; ..¢/ r _‘ New York ‘ W ‘T’ "‘ V _ , _ ‘ _ 4/. United St. iri-s I . I i T I. __— —-i iL" ‘ ‘ I I I I 7; San Jose , i_ (I Santa Clara County. C~i| iIi)I‘riI. t I T ' -. ‘ xi 7 _‘ 5‘ i >—- -4 I — _ I I I _ . i, . = ~ _ s . ' . ..L. 'n. ’a« -3. as I‘ ’ Meanwhile, despite being a popular destination for immigrants and minorities city in a thriving economy. the New York City 5- metro area ranked only eighth in the Biz2Credit's Best Small Blz2Credit. com has identified San Jose as the Best Small Bu5l— _ Business Cities for minority entrepreneurs largely because of the ness City for minority entrepreneurs in America. based on a high fixed 00515 of conducting business. weighted average that includes annual revenue. credit score, age or business (in months), cash ilow. debt-to-income ratio, incorpo- , , ration (C-Corp or LLC vs. sole proprletorship). and business owners‘ personal credit scores. The study delined minorities as Asian, African American and Hispanic Americans. BIZZOBEDIT DEFINED "SMALL BUSINESSES" AS COMPANIES HAVING FEWER THAN 250 EMPLOYEES OR LESS THAN SIO MILLION IN ANNUAL REVENUES. THE TOP 25 CITIES FOR SMALL BUSINESS IN 2014 ARE: Riverside San Bernardino. CA "Centers of technological innovation are booming. Cities like Portland and Jacksonville are taking advantage of their slower pace, lower costs and good standard of living offered to residents, ‘ - Blz2Credlt CEO Rohit Arora. I : i= tile in i'. l;‘; l:lIi : I:IE£: i¢. :;' iIiI_! II-‘ , :i| i.‘Ili‘l, :i. ’+. ‘ Ili‘ i. iiiiii: i~i: fir, ,, »: ‘ ~ s “iv . —-a-#35"? E-Re—— ’ In this section of the study, newer businesses (in average age) were represented at the top of the list, which indicates a higher startup rate for small businesses. “Orlando's economy generates a large percentage of business from the tourism industry, which minority entrepreneurs are becoming increasingly involved in, " - Biz2Credit CEO Rohit Arora, tie-Ij ‘III? ‘iii? II . '.l= ';l: lii £III5:": ‘.. ‘lL' I-iiliilll‘ mlililr. 53" ‘I°5e San Francisco Phoenix Sunnyvale San Diego. . Denver. Les Arigiiic-2 New York Las Vegas. Sacramento, Sanlztimclara. CA CO CA metro area NV CA Oakland‘ sconsdala‘ "Small businesses located in cities that are typically associated with high startup costs, especially in the technology industry, such as San Jose, Los Angeles, New York, and San Francisco, tend to have higher credit scores, They are also in the areas that have a longer track record of business success. " Biz2Credit CEO Rohit Arora, IIIIIWIIQE . .. it About the Biz2Credit Best Small Business Cities in America Study B-z2Credit analyzed 12.000 businesses with less than 250 employees and less than $10 million in annual revenues irom across the country that have been in operation for more than 1 year. About Btz2Credit Founded in 2007. 3iZ2Ch? dIl Business loans is 1‘ loading credit markr-tpl. icr» ronncuirig sm.1lI« and mi, -diurn—sizi2d businesses with lenders. st-rvici: providers, and complementary business tools‘ The company matches borrowers to linancial institutions based on ea(h business's unique proliie -- <0lVpIl‘II*d in loss than [our minutes ~- in .1 sale, efficient, prlti‘-U. -ll'| $p. VErl l‘nVlI0fllYli, 'nl. Biz2Cii. ~dit's network consists of 1.6 million users, 1.3004» lenders. credit rating agencies such as D&i8 and Equiiax, and small business service providers including CPAS and lawyers.

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