Denver the Best, Detroit the Worst for Small Business Employment

By Nathan Eddy  |  Posted 2013-06-07

In anticipation of National Small Business Week, which runs June 17-21, the research team over at CardHub, a company that developed a search tool to help people search, compare and apply for credit cards, compiled a list of the best and worst cities in the United States to work for a small business. As small businesses employ about half (47 percent) of the private workforce in this country, pay more than 40 percent of the private payroll and have created more than 60 percent of the new jobs added over the past 20 years—according to the U.S. Bureau of Labor Statistics—the study is an interesting view into the best employment opportunities on the midmarket level. CardHub used 10 different metrics—ranging from net small business job growth and industry variety to hours worked and average wages for new hires—to evaluate the state of small business in the 30 largest metropolitan areas in the United States. The company then ranked the cities based on their overall attractiveness for job seekers. Phoenix, Denver and Riverside, Calif., (despite being ranked 29th overall) have the fastest growing small business communities, while Detroit, Chicago and New York bring up the rear in that category. Take a look to find out where the best small business employers have set up shop.


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