The U.S. economy is moving in the right direction so far in 2018, and it is expected to get better throughout the rest of the year. Unemployment is low, the federal government recently cut the corporate tax rate, and entrepreneurs are starting businesses across the country. Here is a list of ten U.S cities that present the best business growth and employment opportunities.
San Francisco, California
High taxes and property values haven’t prevented San Francisco and nearby Silicon Valley from being the tech capital of the world. The growth in the number of new tech companies in the San Francisco Bay area is 60% higher than the rest of the country.
Many businesses that are fleeing high-tax states like California are heading to Texas. The Dallas region ranks in the top 10 in the nation for having a strong overall economy. The area is also in the top 10 in employment gains for high-skilled professional, scientific, and technical jobs. Houston and Austin are other cities in Texas that present good business growth opportunities.
Dining, health, construction, and media all make Atlanta a hotspot for business growth. Employment grew by over 45,000 jobs in 2016. Atlanta’s low median home price of around $220,000 makes it an attractive place for both new entrepreneurs and job seekers.
Charlotte, North Carolina
Like many big cities in the south, businesses and job seekers are attracted to Charlotte’s low cost of doing business and low cost of living. The number of professional, scientific, and technical jobs increased by 9% from 2015 to 2016.
Raleigh, North Carolina
Raleigh is the state capital, and it is in the middle of an area known as the Research Triangle. The Research Triangle has Duke University, the University of North Carolina, Chapel Hill, and North Carolina State University all within a short distance from each other. Job growth in the Raleigh area is expected to be over 42% during the next ten years.
Provo has a robust tech sector, and it is the home of Brigham Young University. The Milken Institute recently ranked Provo the best performing city in the country regarding wage and job growth.
Fort Collins, Colorado
This is another college town with a booming tech sector. Colorado State University and tech companies like Agilent account for a significant portion of the wage and job growth in the area.
Software developers and other high-skilled professionals continue to flock this city. It is the home of Amazon, Microsoft, and other tech companies. The cost of living in Seattle is also a lot lower than San Francisco.
Music City is home to Vanderbilt University, which employs over 60,000 people alone. Nashville is one of the top areas in wage and job growth with plenty of job opportunities in the scientific, technical, administrative, and support services fields.
New York, New York
New York City is the commercial capital of the country with plenty of job opportunities. Los Angeles and Chicago are also major commercial hubs that have a strong business and job market.