Boston ranks second best in nation for small businesses

Small business owners can rely on Boston's economy. Photo via Brown Legal Services.
Small business owners can rely on Boston’s economy. Credit: Brown Legal Services

CardHub.com released a report Monday ranking Boston as the second best city in the nation for small businesses.

The city earned the distinction by having a high number of thriving small businesses per capita, low unemployment, disposable income and relatively low hours worked.

According to the report, those factors were enough to overcome a relatively high cost of living. 

With small businesses employing roughly 47 percent of the nation’s private workforce and creating more than 60 percent of the jobs added during the past 20 years, according to the U.S. Small Business Administration, it bears asking what opportunities exist for the roughly 14 percent of people who, according to data from the Bureau of Labor Statistics, are still unemployed or underemployed.

CardHub used 10 different metrics – ranging from industry variety and job turnover to hours worked and wages for new hires – to evaluate the state of small business in the 30 largest metropolitan areas in the United States. The site then ranked the cities based on their overall attractiveness for job seekers, ultimately finding that Denver, Boston and Minneapolis are the best cities in the U.S. for small business employees, while Sacramento, Riverside and Detroit are the worst.

National Small Business Week starts on starts June 17.

Follow Morgan Rousseau on Twitter: @MetroMorgan
Follow Metro Boston on Twitter: @MetroBOS



News
Entertainment
Sports
Lifestyle
Local

Gunther from 'Friends' talks Central Perk

We spoke with Gunther (James Michael Tyler) at the preview for new pop-up Central Perk, based on the cafe in "Friends."

Local

Central Perk opens in SoHo

Central Perk, of "Friends" fame, is giving out free coffee in SoHo through Oct. 18.

National

Beer sponsor Anheuser-Busch reproaches NFL over domestic abuse

Anheuser-Busch chastised the NFL for its handling of domestic violence cases, making it the first major advertiser to put pressure on the league.

Local

Sen. Krueger dishes on prospect of legal marijuana…

New Yorkers may see the legalization of recreational marijuana use as early as 2015 if State Senator Liz Krueger (D) gets her way. The Marijuana Regulation and Taxation Act will…

Music

FREEMAN makes Freeman a free man from Ween

For nearly 30 years, Aaron Freeman was known endearingly to his listeners as Gene Ween. But with "FREEMAN," he makes it clear that he's gone somewhere else.

Television

'Outlander' recap: Season 1, Episode 6: 'The Garrison…

Whipping, punching, kicking and a marriage contract. "Outlander" is not for the faint of heart this week with "The Garrison Commander."

The Word

The Word: Hey girl, it's a girl for…

It's a girl for Ryan Gosling and Eva Mendes, who reportedly welcomed a daughter last Friday, according to Us Weekly. The super-private couple managed to…

Television

TV watch list, Tuesday, Sept. 16: 'New Girl,'…

Check out the season premiere of "New Girl," as Jess competes with Jessica Biel for a guy's attentions.

MLB

5 top contenders for NL Rookie of the…

The outing rekindled award talk for deGrom, who appears to hold the top spot for NL Rookie of the Year honors. Metro breaks down a few other contenders.

College

College football Top 25 poll (AP rankings)

College football Top 25 poll (AP rankings)

NFL

Tom Coughlin says Giants 'beat themselves' against Cardinals

Head coach Tom Coughlin, who had a day to cool off and reflect, still sounded like he had a gnawing feeling in his gut.

NFL

Marty Mornhinweg accepts blame for Jets timeout fiasco

Jets fans looking for a scapegoat for Sunday’s timeout fiasco found a willing party on Monday: Marty Mornhinweg.

Style

Rachel Zoe: New York Fashion Week Spring 15

Rachel Zoe goes 'Glam bohemia' for Spring.

Food

Where to find SweeTango apples

Introduced in 2009, SweeTango — a hybrid of Honeycrisp and Zestar — is a sweet apple with plenty of crunch.

Style

London Fashion Week recap

London Fashion week gets in on the action with politics, heritage and summertime living.

Food

Padma Lakshmi's recipe for green mango curry

Padma Lakshmi shares her recipe for green mango curry in UNICEF's new book, "UNICHEF."