BEST CITIES FOR SMALL BUSINESS 2017

CNBC has an interesting article on the best cities for small business.  I was surprised to see that New York City was the best, but not by a long way.

(click on figure to enlarge)

New York City overtook last year's small-business city leader, San Jose, the hub of Silicon Valley, which dropped to the No. 4 spot on the list. Technology companies in Silicon Valley are still thriving, but it's the supplementary companies that are faced with challenges of growing. The skyrocketing cost of living in Silicon Valley impedes the profits of many firms. Commercial rents, housing and labor costs weigh down non-tech businesses dramatically. Furthermore, taxes are higher in California, in general. Lacking that economic balance in the area has prevented San Jose from reigning as the leader in top small-business cities this year.*  I'm surprised that New York City is lowere cost than Silicon Va;;ey.
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New York City overtook last year's small-business city leader, San Jose, the hub of Silicon Valley, which dropped to the No. 4 spot on the list. Technology companies in Silicon Valley are still thriving, but it's the supplementary companies that are faced with challenges of growing. The skyrocketing cost of living in Silicon Valley impedes the profits of many firms. Commercial rents, housing and labor costs weigh down non-tech businesses dramatically. Furthermore, taxes are higher in California, in general. Lacking that economic balance in the area has prevented San Jose from reigning as the leader in top small-business cities this year.*
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Just four years removed from Chapter 9 bankruptcy as a result of the auto bailout, Detroit is on the rebound. Last year was a banner year for automakers, and car manufacturers are incorporating technological advances into their designs. Car buyers want the latest gadgets. Motown has risen to the top 15 of this year's study.*

Detroit was also mentioned in 2016 by BankRate as the 5th best city in which to build wealth.**  Also see best states for business that states Utah is the best and Michigan is 7th, New York is 29th.***

* http://www.cnbc.com/2017/05/02/new-york-owes-top-spot-for-small-biz-in-america-to-its-immigrants.html
** http://stopcontinentaldrift.blogspot.com/2016/10/detroit.html
*** http://stopcontinentaldrift.blogspot.com/2016/09/top-states-for-business-cnbc.html