Some cities are seeing a surge in small businesses, while others are struggling.
According to Ooma, the top cities for new businesses include Lakeland-Winter Haven, Orlando, Augusta-Richmond, and Provo-Orem, often due to affordable rent. Meanwhile, Los Angeles, San Francisco, San Jose, and Honolulu saw the most closures, likely due to high costs.
Thriving small business industries include health care, groceries, cleaning services, and auto repair. The data suggests that mid-sized cities with lower costs and strong customer demand offer the best opportunities for small businesses to thrive.
Brought to you by: Ooma.ca
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