Are you more likely to succeed in starting a small business in one Florida city over another? Nerdwallet thinks so.
Statewide, cities based in Central Florida and the suburbs of Miami are among those topping the list of 268 Florida cities for launching a small business as rated by Nerdwallet, a website that crunches financial data. Orlando suburb Maitland was ranked No. 1, thanks to its small businesses averaging revenues of more than $4.5 million, higher than any other city.
Oldsmar ranked highest among Tampa Bay area cities at No. 16. It was highly rated for its average revenue per business ($1.4 million) but also because more than 40 percent of its businesses had paid employees — an indicator of growth — at a greater percentage than most other Florida cities in the study. Most small businesses are sole proprietorships.