Saturday Stats: San Jose is the #1 Best City in the US for Small Biz

Here is one of the best Saturday Stats we could ask for. The San Jose metro has been identified as the best city in the nation for small businesses. This is based on a weighted average that includes annual revenue, credit scores, cash flow, and several other metrics. There is also a great quote from the article: "San Jose remains the center of innovation and new business job creation in the U.S."

Well there you have it. San Francisco came in 5th place with New York taking 7th. Detroit did surprisingly well thanks to the rebound of the auto industry and low costs of doing business.

This isn't the first time San Jose has been highly ranked in this area. Last year Nerd Wallet ranked San Jose as the #6 best city in the US for small business.

The Top 25 Cities for Small Business in 2014

1. San Jose-Sunnyvale-Santa Clara, CA
2. Detroit-Dearborn, MI
3. Denver, CO
4. Los Angeles-Long Beach-Anaheim, CA
5. San Francisco-Oakland, CA
6. Las Vegas, NV
7. New York metro area
8. Atlanta, GA
9. Washington, DC metro area
10. Miami-Fort Lauderdale-West Palm Beach, FL
11. Riverside-San Bernardino, CA
12. Tampa-St. Petersburg, FL
13. Sacramento, CA
14. Indianapolis, IN
15. Houston, TX
16. Chicago, IL
17. Portland, OR
18. Dallas-Fort Worth, TX
19. Phoenix-Scottsdale, AZ
20. Charlotte, NC
21. San Antonio, TX
22. Seattle-Tacoma, WA
23. Jacksonville, FL
24. Philadelphia, PA
25. Orlando-Kissimmee, FL

Source: Biz2Credit