By Jasen Lee | Deseret News
For those people with an entrepreneurial spirit, Utah’s capital city is one of the best places in the country to try your luck at being your own boss, new reports say.
A report by FitSmallBusiness.com ranked Salt Lake City No. 6 among the top 10 cities for entrepreneurs in 2019. The study looked at business survival rate, economic growth rate, new business growth, the local financial landscape, area tax climate, the labor market, quality of life and cost of living, explained special project editor Jeff Steen.
“There are a lot of factors, but at the ground level it’s about opportunity,” he said. “Part of that is an existing infrastructure that supports startup culture.”
He said in the top-ranked cities, accessibility to investment capital is better than in many other locales compared to the overall population and startup density in those markets.