Jacksonville ranked No. 1 on Wallet Hub’s best cities to start a business list, which examined 14 metrics including five-year survival rate and the affordability of office space to the educational background of the local labor force.
“Where Florida begins” just so happens to be where small business begins these days, according to the news release from Wallet Hub. It said Jacksonville boasts the country’s second-highest five-year small business survival rate in the country as well as attractive corporate tax rates, a bountiful labor force and fairly accessible small business funding.
Jacksonville’s high ranking as an entrepreneurial destination mirrors expectations for strong growth throughout the city’s economy in 2014, buoyed by hiring in the construction and professional services industries.
Once again mentioned was Jacksonville’s burgeoning start-up community. The scene has been growing for some time with the help of incubators like The Factory and events like One Spark.
Digital Producer- Jacksonville Business Journal