The Cities With the Most Small Businesses Opening Each Year (and the Cities With the Most Closing Each Year)

Did you know that about 20 percent of small businesses fail within the first year? Not only that, but around 50 percent fail and are closing their doors by the fifth year.

According to the U.S. Small Business Administration Office of Advocacy, there are roughly 30.7 million small businesses across the United States. In fact, 47.3% of employees across the country are employed by small businesses.

From Wizard Pins, here are the cities that are opening the most small businesses across America!

 

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These are the ten cities across the United States that saw the most new small businesses open up (all based on percentage data from 2018).

  1. Boise City, Idaho — 724 new small businesses (for a 4.274% increase)
  2. Provo/Orem, Utah — 485 new small businesses (for a 41.09% increase)
  3. Bend/Redmond, Oregon — 257 new small businesses (3.889% increase)
  4. St. George, Utah — 168 new small businesses (3.64% increase)
  5. Coeur d’Alene, Idaho — 154 new small businesses (3.518% increase)
  6. Bozeman, Montana — 164 new small businesses (for a 3.434% increase)
  7. Midland, Texas — 171 new small businesses (for a 3.326% increase)
  8. Austin/Round Rock, Texas — 1,509 new small businesses (for a 3.11% increase)
  9. Greeley, Colorado — 168 new small businesses (for a 2.959% increase)
  10. Wilmington, North Carolina — 222 new small businesses (for a 2.802% increase)

On the other side, these ten cities lost the most small businesses (also based on 2018 percentage data).

  1. Houma/Thibodaux, Louisiana — 98 small businesses lost (for a -2.344% decrease)
  2. Syracuse, New York — 197 small businesses lost (for a -1.441% decrease)
  3. Charleston, West Virginia — 66 small businesses lost (for a -1.38% decrease)
  4. Topeka, Kansas — 63 small businesses lost (for a -1.337% decrease)
  5. Scranton/Wilkes-Barre/Hazleton, Pennsylvania — 140 small businesses lost (for a -1.166% decrease)
  6. Columbus, Georgia — 61 small businesses lost (for a -1.154% decrease)
  7. Cleveland, Ohio — 527 small businesses lost (for a -1.151% decrease)
  8. Bloomington, Illinois — 42 small businesses lost (for a -1.148% decrease)
  9. Atlantic City, New Jersey — 61 small businesses lost (for a -1.095% decrease)
  10. Torrington, Connecticut — 42 small businesses lost (for a -1.003% decrease)

Do you own your own small business? Let us know about it in the comments below!

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