We love local shout outs (aka #lovelocal). This one is music to our extra sweet thriving small business ears!
Wilmington Ranked #3 by Entrepreneur Magazine as Top U.S. Small City for Thriving Small Business
By Tonya R. Richardson
Entrepreneur Magazine, a magazine that is devoted to helping business professionals run their businesses more effectively, recently undertook a nationwide analysis to identify small cities in the U.S. where the climates are best for entrepreneurship. Wilmington, Delaware ranked #3 of the 463 cities analyzed, where populations range from 50,000 to 100,000.
The article cites that strong local economies and easy access to larger cities’ resources are important factors in the top rankings. Mayor Dennis P. Williams adds, “Our close-knit business community provides more opportunities for new and small business to access and leverage resources in the achievement of their goals. The City is fully committed to helping startups get their footing.”
Wilmington’s easy access to I-95 and proximity to New York, Philadelphia, Baltimore and Washington, D.C. helped it to fare so well in the ranking. Additionally, Wilmington, like others in the study, provides a lower cost of doing business, as compared to large cities such as Chicago, Atlanta and Dallas.
“Our office is available to owners who need supports in all aspects of business development,” said Denita Thomas, manager of the City’s Small and Minority Business Enterprise Office. “In addition to the services we provide directly to businesses, the Economic Development Office also connects to the City’s partners who contribute to the overall environment of growth in Wilmington.”
To read the full article from Entrepreneur Magazine via Entrepreneur.com, please visit www.entrepreneur.com/article/248768.
To learn more about economic development and small business development at the City of Wilmington, please visit: www.WilmingtonDE.gov/business/welcometowilmington.
Posted on 07/30/2015 12:03 pm
By Tonya R. Richardson
Public Relations & Communications Officer
Office of Mayor Dennis P. Williams
For more information about this news release, contact Tonya at:
(302) 576-2137 or [email protected]
Just another reason to
#LOVELOCAL, North Delaware!
Extract from the Entrepreneur Magazine article “Contrary to popular belief, you don’t have to go to a big city to succeed,” says Cindy Yang, a researcher and head of the Small-Business Group at NerdWallet. “While bigger cities have more businesses, they don’t have bigger businesses. It’s the businesses in smaller, surrounding towns that tend to have higher revenue and a higher propensity to have paid employees while enjoying the lower cost of living.”