San Jose rated ‘Best Small Business City in America’
SAN JOSE, Calif. — A company that specializes in lending to emerging businesses, Biz2Credit surveyed more than 55,000 businesses with fewer than 250 employees across the country.
San José was rated the best on a score sheet that included rate of small business creation, tax climate and talent pool.
Looking at 268 companies in San José that had applied for loans on the Biz2Credit platform, they found that fully 148 were brand-new companies. GDP growth in San José was 6.2 percent, according to the California Legislature’s Legislative Analyst’s Office, far surpassing the 2.4 percent GDP growth of the US as a whole. The CNBC coverage of this story can be seen here.
READ MORE of this story at Small Biz Trends.