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4/27/15-Report: Rochester a top place to start a business

Rochester entrepreneurs take heart—the city is among the best in which to start a business, a new report from WalletHub shows.

Ranking 150 cities nationwide, 2015’s Best Cities to Start a Business places Rochester at 29th.

Shreveport, La., ranked first, while Newark, N.J., ranked last. WalletHub—a social website launched by Evolution Finance that offers financial tools and information for consumers and small business owners—used 13 metrics to find the best cities for entrepreneurs, including the number of small businesses per capita, financing accessibility and the educational attainment of the local workforce.

Rochester was the top-ranked city in New York. Buffalo placed 65th.

Rochester ranked third for its access to resources but 127th for its business environment.

Among the findings, Detroit has the lowest annual income, while Fremont, Calif., has the highest. The highest employee availability is in Fresno, Calif., while the lowest is in Yonkers, Westchester County. The longest average workday is in Fayetteville, N.C., while the shortest is in Tallahassee, Fla. The most educated workforce is in Irvine, Calif., while the least educated is in Santa Ana, Calif.

Source : Rochester Business Journal