San Jose Ranked #1 City in U. S. For Small Businesses
San Jose recently ranked as the No. 1 city in the U. S. for small business, according to Biz2Credit’s report. The City’s No. 1 ranking is based on a weighted average that includes annual revenue, credit score, age of business (in months), cash flow, debt-to-income ratio, incorporation (C-Corp or LLC vs. sole proprietorship), and business owners’ personal credit scores. “San Jose remains the center of innovation and new business job creation in the U.S.,” said Biz2Credit CEO Rohit Arora. “The uplift in the northern California economy has not just benefited tech-centric startups.” The money and workers brought in by high-profile tech companies boosts all Silicon Valley businesses, including gas stations, restaurants, and boutique shops, noted Arora. A small business is defined as one with fewer than 250 employees and less than $10 million in annual revenues. For more information, click here, or contact Cara Douglas, Business Communications Manager.
Photo: P.J. Ciraulo, Bedlam Beauty & Barber Shop Downtown, San Jose