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

Train selfie star who got kicked in the…

  A 22-year-old Canadian man who posted a video of himself getting kicked in the head by a train conductor is set to cash in…

National

Call of Duty hoaxer blamed for $100K SWAT…

A heavilly-armed SWAT team and an army of police officers stormed a Long Island home fearing a grisly double homicide – only to find it…

National

Minnie Driver tweets naked celebrity snap to 'shut…

Actress Minnie Driver has responded to bitchy critics who sniped about her bikini body by Tweeting a naked picture of herself. The 44-year-old star of…

National

American middle classes no longer world's richest (guess…

America's middle classes are no longer the richest in the world – having been overtaken in the wealth stakes by their Canadian counterparts. For almost…

Television

John Turturro tags in for Robert De Niro…

The cast of the courtroom drama miniseries has undergone yet another shift. Following Robert De Niro's exit, the cable network has brought in John Turturro…

Television

TV watch list, Tuesday, April 22: 'Glee,' 'Agents…

'Glee' Rachel makes her Broadway debut in "Funny Girl." Remember when she was just a high school drama nerd? FOX, 8PM 'Marvel's Agents of S.H.I.E.L.D.'…

The Word

Lindsay Lohan's big, drunk interview

Lindsay Lohan appears to be completely off the wagon now, if Kode magazine's chronicle of her trip to Coachella is any indication. According to the…

The Word

What we learned from the premiere of 'True…

Does watching someone's marriage implode make for great TV? The show runners at "True Tori" think Tori Spelling's heartbreak is hot stuff indeed.

NBA

Nets settle for 1-1 series tie with Game…

DeMar DeRozan, who was an All-Star this season, hit two huge jumpers back-to-back to give the Raptors an 89-85 lead over the Nets with 2:10 to play.

NHL

Rangers reclaim home ice with Game 3 road…

The Rangers jumped out to a 2-0 lead early in the first period for the second straight game. This time, they held on.

MLB

MLB Power Rankings: Brewers best in baseball, Dodgers,…

MLB Power Rankings: Brewers best in baseball, Dodgers, Cardinals, Yankees surge. The A's, Braves, Rangers, Giants and Rockies are also in the top 10.

NBA

Jason Kidd reacts to Mike Woodson being fired…

Jason Kidd played for Mike Woodson last year and Joe Johnson spent four seasons being the main focus on offense for Woodson in Atlanta.

Wellbeing

How to burn off all that Easter candy

Sorry to be a buzzkill, but you can't eat chocolate eggs and Jelly Bellys forever.

Food

Powdered alcohol: 5 things to know about 'Palcohol'

What's the deal with powdered alcohol? Here's what you need to know about Palcohol.

Travel

Travel hacks: 6 tips on living out of…

Lynne Martin shares her travel hacks on living out of just two suitcases.

Wellbeing

Tough Mudder pro gives tips on conquering a…

Learn hacks from head designer Nolan Kombol.