Marion Ranks 72nd Best Small City Nationwide to Start a Business Share

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Mar­i­on, Indi­ana has been named the 72^nd best small city in the nation to start a busi­ness in 2018, accord­ing to the rep­utable per­son­al finance resource, Wal​letHub​.com.

Busi­ness own­ers rec­og­nize big cities are not nec­es­sar­i­ly bet­ter for start­ing a new busi­ness as com­mu­ni­ties with small­er pop­u­la­tions can bring greater suc­cess depend­ing on the ven­ture, says Wal­letHub. To dis­cov­er which small U.S. mar­kets had the most busi­ness-friend­ly attrib­ut­es, they com­pared over 1261 cities using 18 deter­min­ing met­rics. Mar­i­on excelled due to key areas: 

52^nd – Labor Costs 

53^rd – Cost of Living 

94^th – Aver­age Com­mute Time 

148^th – Growth of Ave. Busi­ness Revenues 

269^th – Office Space Affordability 

366^th – Employ­ee Availability 

All met­rics and com­plete infor­ma­tion on the study may be found at https://​wal​lethub​.com/​e​d​u​/​b​e​s​t​-​s​m​a​l​l​-​c​i​t​i​e​s​-​t​o​-​s​t​a​r​t​-​a​-​b​u​s​i​n​e​s​s​/​2​0180/.

Mar­i­on was the only Hoosier city in the study to rank 1 – 99. Hol­land, Michi­gan ranked #1. All oth­er Indi­ana cities in the study also scored well: 

100^th – Richmond 

143^rd – Muncie 

147^th – Anderson 

175^th – Columbus 

176^th – Goshen 

Mar­i­on May­or Jess Alum­baugh said he is glad to see Mar­i­on receive recog­ni­tion as a busi­ness-friend­ly city. ​“In the last year, Mar­i­on has been rec­og­nized by two inde­pen­dent orga­ni­za­tions as one of the ₁top 15 loca­tions for first-time home­buy­ers, and ₂the #1 most afford­able metro area in the coun­try. We are pleased to be cit­ed as one of the nation’s top 75 small cities in which to start a busi­ness. There is a resur­gence occur­ring in Mar­i­on that con­tin­ues to grow.”

Grant Coun­ty Eco­nom­ic Growth Coun­cil Exec­u­tive Direc­tor, Tim Eck­er­le, remarked, ​“It’s reas­sur­ing to see nation­al recog­ni­tion of col­lab­o­ra­tive efforts in our small busi­ness ini­tia­tive. The Growth Coun­cil rec­og­nizes the con­tin­ued need to address the chal­lenges of start­ing and grow­ing a business.” 

Oth­er Sources: 1 — https://​lend​e​du​.com/​b​l​o​g​/​b​e​s​t​-​c​i​t​i​e​s​-​f​i​r​s​t​-​t​i​m​e​-​h​o​m​e​b​u​yers/; 2 — https://​www​.real​tor​.com/​n​e​w​s​/​t​r​e​n​d​s​/​m​o​s​t​-​a​f​f​o​r​d​a​b​l​e​-​m​e​tros/