Press Release

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

Apr 24, 2018  |  Layla Price-Bodkin

Marion, Indiana has been named the 72nd 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: 

52nd – Labor Costs 

53rd – Cost of Living 

94th – Average Commute Time 

148th – Growth of Ave. Business Revenues 

269th – Office Space Affordability 

366th – 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​/​20180/.

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: 

100th – Richmond 

143rd – Muncie 

147th – Anderson 

175th – Columbus 

176th – 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/

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