Birmingham rated No. 1 in Alabama for starting a business

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If you’re an Alabamian looking to join the more than 15 million people in the U.S. who work for themselves, you may want to consider starting a business in the Magic City.

Birmingham, Ala. was named the 26th-best city in America to start a business according to a new report from financial site WalletHub.

“In order to help aspiring entrepreneurs — from restaurant owners to high-tech movers and shakers — maximize their chances for long-term prosperity, WalletHub’s analysts compared the relative startup opportunities that exist in the 150 most populated U.S. cities,” the site explained.

Using a mixture of government data, economic statistics and its own weighting system, analysts examined 18 key metrics — ranging from five-year business survival rate, office space affordability, startups per capita, human capital availability and financing accessibility.

Here’s how the other cities in the Yellowhammer State ranked:

  • Mobile: 106th
  • Montgomery: 110th
  • Huntsville: 119th

Those looking to start a company outside of Alabama need not look too far. Texas takes home eight of the top 25 spots in the country, and neighbor state Florida another five.

Wondering what the top spot in America to launch a business is? That honor goes to Oklahoma City, OK. Meanwhile Seattle, WA. takes home the last city ranked, 150th.

Check out how Alabama cities compare to the rest of the country:

Source: WalletHub
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