This Utah city is No. 1 in the country for small business success, new report says

Downtown Logan is pictured on Saturday, March 26, 2022. Logan was named the highest small metropolis in the US for small enterprise success in a brand new report by Verizon.

Spenser Heaps, Deseret Information

For the fifth consecutive yr, Verizon compiled a report of the perfect small cities in the US for beginning a small enterprise.

This yr, three Utah cities made the highest 10, with Logan on the prime, Millcreek at No. 4 and Lehi at No. 9.

What makes these cities so nice? For this report, Verizon gathered information from 300 cities and thought of sure classes: inhabitants, p.c of residents with at the least a bachelor’s diploma, commute time, revenue, web entry, loans per enterprise and tax rating.

Logan: Logan was deemed the perfect small metropolis within the nation to run a small enterprise, in line with Verizon.

• That is Logan’s fifth consecutive yr within the prime 50, resulting from a brief common commute time —18 minutes — quick web and a excessive tax rating. Verizon states that it’s comparatively simple to safe a mortgage in Logan, as properly.

Millcreek: Coming in at No. 4 on the listing, Verizon states that Millcreek is ideal for individuals who “don’t care for large metropolis residing however nonetheless need to be near all of the motion.”

• Situated simply 10-Quarter-hour from downtown Salt Lake Metropolis, Millcreek has a rising job market and “admirable tax rating.”

• Verizon says that most individuals in Millcreek are households and younger professionals, which solely “provides to the thrill” of town.

Lehi: Lehi, at No. 9 on the listing, scores excessive because of the common family revenue being over $100,000 yearly.

• Lehi has a superb tax rating and residents of town have easy accessibility to quick web and enterprise loans.
• “Lehi is a good place for small-business house owners to set down their roots,” Verizon says. “In spite of everything, the outdated west is thought for growth and reinvention.”

Honorable mentions: Two different Utah cities additionally made the highest 50 listing for greatest small cities to begin a small enterprise: Taylorsville at No. 25 and South Jordan at No. 37.

High 10 cities: In accordance with Verizon, these are the highest 10 small cities for beginning a small enterprise within the U.S.:

1. Logan, Utah.
2. Richland, Washington.
3. Corvallis, Oregon.
4. Millcreek, Utah.
5. Kentwood, Michigan.
6. Olympia, Washington.
7. Royal Oak, Michigan.
8. Palm Seaside Gardens, Florida.
9. Lehi, Utah.
10. Missoula, Montana.