Business Briefs

Business group: Raleigh No. 2 best place to start a business

Posted February 21, 2013

2012 Downtown Raleigh Skyline

— An association representing small businesses across the United States certainly likes Raleigh.

The National Federation of Independent Businesses, which has more than 8,000 members in North Carolina, has named Raleigh as the No. 2 best city to start a business.

No. 1 went to Silicon Valley.

While the group did not spell out selection criteria, it hailed Raleigh as "no flash in the pan."

"With a population under 500,000, Raleigh attracts companies transferring from more expensive locales," the NFIB says. "Not only was it ranked the top city for business and careers by Forbes, thanks to being the fastest growing job market in the U.S.; it’s also the country’s fastest growing city, according to the U.S. Census Bureau.

"This is no flash in the pan. According to Businessinsider.com, Raleigh has experienced the third-highest job growth among U.S. cities over the past two decades. Added bonuses include safety, affordable housing and access to a much larger suburban population."

Silicon Valley was cited for its strength in venture capital. 

“The best cities that spawn entrepreneurship and new business typically are near a research university or a significant engineering school,” Denise Beeson, a small business loan officer in Santa Rosa, Calif., told the NFIB.

"In Silicon Valley, you get both," the group says.

The lack of venture capital in Raleigh, across the Triangle and the entire state of North Carolina has been a problem years. 

NFIB said it went looking for cities that were "business-friendly locations for you to start your next venture."

Five cities were picked.

No. 3 is Madison, Wisc.

Austin, Texas came in fourth.

Boulder Colo. was ranked fifth. 

 

21 Comments

This story is closed for comments.

Oldest First
View all
  • WooHoo2You Feb 22, 7:45 p.m.

    This is great. I'm glad to hear this wait this is NOT good to hear esp when you (me) are a person who has gone to several banks etc over the past year in order to obtain a small biz loan to start a very simple family cafe and been told NO in every way possible. Stating a cafe just its a good investment. Yet, there are articels like this everyday. Can anyone explain? The banks are able to come up with bs every time....and NO its not credit related.- daydreamnn

    If your loan was denied in Raleigh it more than likely would have been denied in Huston, Miami, New York, Benson, Anchorage, Bermuda, etc.

  • daydreamnn Feb 22, 4:44 p.m.

    This is great. I'm glad to hear this wait this is NOT good to hear esp when you (me) are a person who has gone to several banks etc over the past year in order to obtain a small biz loan to start a very simple family cafe and been told NO in every way possible. Stating a cafe just its a good investment. Yet, there are articels like this everyday. Can anyone explain? The banks are able to come up with bs every time....and NO its not credit related.

  • Minarchist Feb 22, 3:31 p.m.

    Huh? Th republican are charge and this is great news for the city, because that will bring jobs, just like the republicans said they would. Its in print now. Business group: Raleigh No. 2 best place to start a business." We voted correctly.

    How does cutting the age on tanning create jobs? How does rejecting the medical marijuana bill create jobs? How does shutting down sweepstakes create jobs? Sounds like a Communnist party far from creating anything but tyranny. Did you see the GOP guy that said people were "harrassing" him about a bill? Imagine people calling you and telling you what they want from their representitive.

  • Minarchist Feb 22, 3:27 p.m.

    If the GOP wouldnt have shot down the medical marijuana bill tons of jobs would have been created right here in NC. Thanks for that "less gov" garbage you spill. Areola's? Possums? Tanning beds? Weed? Wheres that liberty at??????

  • rocket Feb 22, 2:43 p.m.

    Why should the politicians of North Carolina get credit for the business success of a city? Republican or Democrat, doesn't matter. How about kudos to Raleigh for doing well despite the obstacles put in place by state and federal red tape?

  • Frank Downtown Feb 22, 2:00 p.m.

    Aren't these polls paid sponsorships?

  • NiceNSmooth Feb 22, 1:57 p.m.

    where can I find the demographic breakdowns for these new business?

  • xylem01 Feb 22, 11:04 a.m.

    Y'all be sure to circle the calendar for this one and see where we are in 2014.

  • downtowner Feb 22, 10:47 a.m.

    Wait til the businesses hear about our new possum and aereola legislation. I'm sure that will bump us up to No. 1 in no time. Afterall job creators love nothing more than possum and covered aereola right?

  • shaun2xlife Feb 22, 10:37 a.m.

    Perfect example of the conservative lie. Thought the liberals were destroying our state with their 100 year reign. Well looks like that reign is paying off big time. Education & research are the ways forward, but the conservative movement would have you thinking otherwise.

More...