Top 7 Cities for Small Businesses

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No. 1: Austin (Texas)

While Austin is the location of big names such as International Business Machines Corp. (NYSE:IBM) and Dell Inc. (NASDAQ:DELL), the city is a perfect environment for small businesses as well. With a steady growth rate and virtually no personal income taxes, Austin makes it easier for entrepreneurs looking to start a small business. In addition, you should encounter no issues in obtaining your license.

Local income tax: 0%
City property tax: 1.24%
Growth rate rank: 2
License friendliness rank: 2

If you liked our breakdown of the top cities for small business, check out our “Top 5 Economic Predictions for the Next Decade.”

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