Report: Philly is fourth worst US city for small business workers

small business
Philadelphia’s high cost of living, unemployment rate and stress index all contributed to its ranking near the bottom of the list. Credit: File photo

Philadelphia is the fourth worst city in the United States for small businesses employees, according to a report released Monday by credit card comparison website CardHub.com

The report, “The Best and Worst Cities to Work for a Small Business: 2013,” used 10 different metrics based on data from the U.S. Census Bureau and Bureau of Labor Statistics to rank the overall attractiveness of the 30 largest metropolitan areas in the country to job seekers looking for work at small businesses.

Philadelphia ranked No. 27 on the list, coming in ahead of just Sacramento, Riverside and Detroit.

Denver was rated the best city for small business employees, followed by Boston and Minneapolis.

The study most heavily weighed the number of businesses in each city with fewer than 250 employees per capita, cities’ small business vitality — defined as the proportion of job growth relative to workforce and population trends — average monthly earnings for new hires, residents’ average disposable income and metropolitan areas’ unemployment rates and cost of living.

It also took into account the cities’ small business net job growth, the degree of industry variety within the small business communities, the average number of employee hours worked in each location and each city’s stress index ranking.

CardHub found Philadelphia’s small business community was stifled by high unemployment, stress and cost of living, combined with relatively feeble measures of small business vitality, which were among the 10 lowest on the list.

The city fell in the middle of the pack when it came to the number of small businesses per capita, net small business job growth, average wages for new hires and small business industry diversity.

The report did find one silver lining for small business employees in the City of Brotherly Love.

“About the only thing the Philadelphia metro area has going for it is that its employees work the fourth fewest hours, on average, out of the 30 largest metropolitan areas in the United States,” the conclusion stated.

CardHub noted that, according to the U.S. Small Business Administration, small businesses employ about 47 percent of the nation’s private workforce and have created more than 60 percent of the new jobs added to the economy over the past 20 years.


News
Entertainment
Sports
Lifestyle
National

Rapper affiliate of Wu-Tang Clan 'cuts off own…

Rapper Andre Johnson, who has performed with New York outfit the Wu-Tang Clan, is in a critical condition after reportedly cutting off his own penis…

National

Cleavage complaint: Disneyland staffer orders curvy mom to…

A curvy mom-of-three says she filed a formal complaint after staff at Disneyland Resort in California ordered her to cover up her boobs. Melissa Behnken,…

International

Canadian charged in 'Heartbleed' attack on tax agency

OTTAWA (Reuters) - Canadian police have arrested a 19-year-old man and charged him in connection with exploiting the "Heartbleed" bug to steal taxpayer data from…

National

Every dog has his day in court, in…

(Reuters) - Call him juror K-9.A computer glitch is likely to blame for a summons that called a German Shepherd to report for jury duty,…

Television

‘Survivor: Cagayan’ recap: Episode 8

Sure, it's called Survivor. But this season should really be called 'The Tony Show.'

Television

Jim Rash talks 'The Writer's Room' and amazing…

For Jim Rash, as the fifth season of "Community" comes to a close, the second season of "The Writer's Room" begins.

Going Out

Tasty chicken and waffles in NYC

Try some soul food goodness around the city.

Television

'Dexter' star Jennifer Carpenter moves into producing role

The actress who played the title character's sister in "Dexter" is teaming up with producer George Stelzner to adapt Erika Hayasaki's book "The Death Class:…

NBA

Knicks wrap up season with win over Raptors

The Knicks wrapped up their season as it began — undermanned — but that still didn’t deter them from ending it the right way.

MLB

Adam Warren closes out doubleheader sweep for Yankees

Adam Warren navigated a tricky ninth inning earn the Yankees a 2-0 victory over the Cubs.

NHL

Marc Staal healthy, eager to contribute to Rangers…

Marc Staal remembers the feeling of helplessness watching his teammates compete for hockey’s ultimate prize and being unable to contribute.

NFL

2014 NFL Mock Draft: Updated, new April version

2014 NFL Mock Draft: Updated, new April version

Wellbeing

This Week in Health: chocolate may prevent obesity…

Can chocolate prevent obesity and diabetes? Location of study: U.S. Study subjects: Mice Results: The positive health benefits of chocolate have been studied increasingly more…

Wellbeing

This Week in Health News: breastfed infants trying…

Are breastfed infants trying to prevent mom from having another baby? Theory: The act of breastfeeding not only brings mom and baby closer together –…

Wellbeing

Unexplained infertility may be caused by lack of…

Researchers have identified a protein on the egg's surface that interacts with another protein on the surface of sperm, allowing the two cells to join.

Tech

5 surprising facts about Google Glass

Your sex life could get more interesting.