It's Start-Up Season

Idaho Falls ranks in top 3 small cities for new businesses

Published online: Feb 15, 2017 Articles, East Idaho Business
Viewed 1729 time(s)

Got an itch to start a business in Idaho Falls this year? According to international small-business blog HeroPay, this might just be the time and place for you to take the plunge.

Idaho Falls recently ranked  No. 3 out of 358 cities that the website analyzed in a study of Best Cities to Start a Business in 2017.

Researchers examined data from 358 cities and conducted a survey of 150 small business owners countrywide as part of the study.

Items of interest:

  • The best statistical category for Idaho Falls was, # of firms per 100 employable people [3.0], falling in the 96th percentile vs. an average amongst cities of 2.2
  • Survey insight: 40 percent of small business owners look to hire this year vs. 5 percent stating they would decrease employees
  • Millennial business owners aged 18-24 were the most financially confident in their business this year at 84.6 percent vs. the average of 70.7 percent (confident vs. not)

For more specific details, click here.