Personal finance website NerdWallet
celebrated May's designation as Small Business Month with a report on "Best Cities to Start a Business
," and Minneapolis landed on its list of top 10 cities in the nation.
Coming in at number eight, Minneapolis was lauded for strength in healthcare, manufacturing, and financial services, and was called "a growing hotspot for startups and small businesses."
The city has a very low unemployment rate of 6.3 percent, the article noted, and a highly educated population. Minneapolis business resources got a nod, including technology group MHTA
, nonprofit community development association MCCD
, and technical assistance groups
funded by the city.
The site calculated the results based on ease of obtaining funding, business-friendly resources, local economic indicators, hiring, and affordable living. The top three cities, according to NerdWallet, are Atlanta, Raleigh, and Austin.