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Sunday, December 22, 2024

TOWN OF MORRISVILLE: Is 11th Best Small City in US to Start a Business

Business

Town of Morrisville issued the following announcement on Apr. 22.

The Town of Morrisville is ranked 11th out of more than 1,300 towns and cities across the United States for its business climate for new entrepreneurs and business owners.

The WalletHub analysis compared 1,334 cities with populations between 25,000 and 100,000 residents across three dimensions and 18 key metrics.

According to the WalletHub data, Morrisville ranked highly for individual metrics that tracked:

  • Average revenue per business (16th overall)
  • Working-age population growth (23rd overall)
  • Workforce educational attainment (51st overall)
  • Job growth (56th overall)
The total composite score for Morrisville was 57.71, out of a possible 100, yielding a final rank of 11th out of the 1,334 cities in the study.  Morrisville was the only town or city in North Carolina to rank in the top 45 cities (Asheville ranked 47th).

Six towns in Utah were ranked in the top 15, along with three in Florida, two in Montana, and one each in Wyoming and North Dakota, according to the analysis.

Original source can be found here.       

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