According to a study released on June 24, Louisville is the fifth friendliest city in the U.S. for small business. Thumbtack.com, in partnership with the Ewing Marion Kauffman Foundation, surveyed entrepreneurs from 12,632 small businesses across the United States, asking questions about the friendliness of states towards small business and about small business finances.
The Thumbtack.com Small Business Friendliness Survey rated 82 cities and most states across multiple metrics that business owners say are critical to a friendly business environment. Results revealed the top four cities to be Colorado Springs, Boise, Houston and Austin.
“After a two-month survey of thousands of small business owners nationwide, Louisville's small business community has given it unusually high marks for its friendliness towards them,” said Jon Lieber, chief economist of Thumbtack.com, in a statement. “Creating a business climate that is welcoming to small, dynamic businesses is more important than ever, and Louisville has done a great job creating an environment for these businesses to thrive.”
Graded on an A through F scale, Louisville scored six A+ grades and four As out of the 11 categories: overall friendliness; ease of starting a business; ease of hiring, regulations; health and safety; employment, labor and hiring; tax code; licensing; environmental; zoning; and training and networking programs. Louisville scored a B+ in the final category.
Highlights of Louisville’s data include a sixth place overall friendliness city in the nation, and was named the friendliest U.S. city for small business zoning regulations.
Cover photo courtesy of shutterstock/whanwhan.ai
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