NerdWallet, a consumer finance website, has conducted a study to find the best places in Georgia to start a business – and Gainesville ranked 19th.
To determine this ranking, NerdWallet examined 126 places in Georgia with populations of 5,000 or more and analyzed the following factors:
- Business climate
- Average revenue of businesses
- Percentage of businesses with paid employees
- Businesses per 100 people
- Local economic health
- Median annual income
- Median monthly housing costs
- Unemployment rate
With a population of 34,429, Gainesville has 4,814 businesses maintaining impressive average revenue per business ($2,083,502). Over 32% of these businesses have paid employees, helping support a healthy business climate.
See the full study here.
Learn more about NerdWallet Small Business here.
About NerdWallet: NerdWallet is a personal finance site for consumers. Our data-driven tools and content enable consumers to make well-informed decisions across a broad range of financial topics, like buying a home, saving for retirement and starting a small business.