Grand Rapids is one of the top large cities to start a new business, according to a new ranking by WalletHub. Scored based on business environment, access to resources, and business costs, Grand Rapids ranked 14th for business costs, 24th for access to resources, and 82nd for business environment. The city came out in the top 20, ranking No. 13 overall.

19 key metrics were taken into account when scoring the city's business environment, access to resources, and business costs. Some of the metrics included were:

  • Startups per Capita
  • Five-Year Business Survival Rate
  • Job Growth
  • Average Growth in Number of Small Businesses
  • Length of Average Work Week
  • Industry Variety
  • Financing Accessibility
  • Office-Space Affordability
  • Cost of Living

182 cities were analyzed and Grand Rapids scored in the top 20, out-ranking cities such as Miami and Houston. To view the top 20 large cities to start a new business, see the list below.

Top 20 Best Large Cities to Start a Business

  1. Oklahoma City
  2. Austin, Texas
  3. Sioux Falls, S.D.
  4. Missoula, Mont.
  5. Durham, N.C.
  6. Bismarck, N.D.
  7. Cheyenne, Wyo.
  8. Billings, Mont.
  9. Charlotte, N.C.
  10. Raleigh, N.C.
  11. Salt Lake City
  12. Denver
  13. Grand Rapids, Mich.
  14. Miami
  15. Orlando, Fla.
  16. Springfield, Mo.
  17. Casper, Wyo.
  18. Laredo, Texas
  19. Atlanta
  20. Fort Worth, Texas

To view the full ranking, please click here. For more West Michigan rankings, visit our rankings page.