In the recent article, 2018’s Best & Worst Small Cities to Start a Business, published by WalletHub.com, the City of Cheyenne was ranked in the top 5 best places to start a business.
Cheyenne, WY was named in the top 5 with an overall rating of 57.02. Wyoming’s Capital follows Holland, MI (60.62), St. George, UT (58.39), Aberdeen, SD (57.18), and Wilson, NC (57.07). Cheyenne ranked as number one for “Business Environment.” This stems from being a community with a low business regulatory environment.
According to the feature, “To determine the best small cities to start a business, WalletHub compared the business-friendliness of more than 1,200 small-sized cities. Our data set of 18 key metrics ranges from average growth in number of small businesses to investor access to labor costs. Read on for our findings, insight from a panel of business experts and a full description of our methodology.”
Starting a Business in Cheyenne (1=Best; 631=Avg.):
- 94th – Avg.Length of Work Week
- 37th – Avg. Growth in Number of Small Businesses
- 40th–Startups per Capita
- 401st– Industry Variety
- 33rd – Average Commute Time