The ranking is based on eight metrics known to “significantly impact a startup’s survival and growth,” including number of startups, venture capital investments, tech talent pool growth, population concentration of millennials, city gross domestic product, college attainment rate, travel time to work and cost of living.
Of the 41 cities examined, Atlanta came out on top, ranking in the top 10 across four major categories.
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Here’s more on how the city fared:
- Overall rank: 1
- Tech talent labor pool growth: 4
- Number of startups: 6
- City GDP: 8
- Venture capital investments: 10
- Population concentration of millennials: 11
- College attainment rate: 17
- Cost of living: 19
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“While the sprawling city performed well in almost all categories, it was hindered slightly by its long average commute times, placing 39th in the travel time to work metric,” the report said. Not much of a surprise for Atlanta locals.
The metro was also recently ranked among the top three best places to start a career, according to WalletHub.
And it was previously named one of the 50 best American cities for job seekers by employment search engine Indeed.com.
Here are the top 10 U.S. startup cities that are not New York or San Francisco, according to FitSmallBusiness.com:
- San Diego
- Austin, Texas
- Los Angeles
Explore the full ranking at fitsmallbusiness.com.