BEST CITIES TO START A BUSINESS IN OHIO
Once again ranking in the top ten in the Kauffman Index of Main Street Entrepreneurship amongst larger states in 2016, a measure of small business activity in a state, Ohio is rapidly garnering a reputation as an excellent state in which to start a business.
With a combination of low costs to start a business and high access to investment capital, the state presents entrepreneurs with a favorable climate to realize their potential. Adding to the incentive is Ohio’s effective tax rate on new investment, which at 4.4%, is the third lowest in the United States.
Traditionally known as one the U.S.’s giants of heavy industry, Ohio’s economy has expanded and diversified, boasting significant telecommunications, healthcare and information technology sectors.
Its startup scene is on the rise, as well. Budding tech entrepreneurs emerging from some of the nation’s best universities, including Ohio State University and Miami University of Ohio, have access to investment funds from players in Ohio’s traditional industries, leading to a well balanced ecosystem.
Only cities with over 50,000 inhabitants are reported in the results. Some data had to be interpolated to the county level and extrapolated to all the cities in the county. We concentrated on the following metrics to obtain our ranking: Cost of living, Best state for business, Unemployment, Kauffman index, and Universities.
ABOUT HOW TO START AN LLC
I'm an entrepreneur myself. When talking to others who want to start their own business, they often get wrapped up in the nitty gritty of paperwork and forming the company. They forget that what really matters is customers, sales, and profit. That's why I created How to Start an LLC.org: a simple resource and guide so you can spend less time on forming your company, and more time on building it.
My lawyers want me to remind you that I'm not a lawyer and that I'm completely unqualified to offer legal advice. This site is meant to serve as a reference for you on your journey. If you have questions or concerns, please contact a qualified lawyer (or accountant) to help you. Also, as a general rule, never take random legal advice on the internet.