Business & Tech
Where in the Metro is Nation's 4th-Best Place to Start a Business?
Analysts crunched U.S. Census data on business climate and local economic health to determine rankings.

A new study by the personal finance website NerdWallet and Entrepreneur.com has found that Troy is the fourth-best small city in the United States to start a business.
In determining the rankings, analysts crunched U.S. Census data on the following factors:
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- Business climate: average revenue of businesses, percentage of businesses with paid employees and businesses per 100 people
- Local economic health: median annual income, median monthly housing costs and unemployment rate
According to the analysis, Troy businesses have average annual revenues of about $2.9 million, and almost 40 percent of them have paid employees. There are 13.07 businesses per 100 people in Troy, according to the report.
The Top 10 small cities were:
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- Alpharella, GA
- Redmond, WA
- Wilmington, DE
- Troy, MI
- Minnetonka, MN
- Waukesha, WI
- Newport Beach, CA
- Bethesda, MD
- Greenville, SC
- La Crosse, WI
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