The Chattanooga metro area comes in third on SpareFoot's new list of America's Top 15 Hubs for Solo Entrepreneurs. To compile the list, SpareFoot looked not only at how the number of solo entrepreneurs, or "solopreneurs," has grown recently in the 100 most populated U.S. metro areas, but also how well solopreneurs are faring. Solopreneurs own and operate businesses that don't have any employees. McAllen, TX ranked number 1.
SpareFoot ranked the metro areas by examining five economic measures related to solopreneurs. Data came from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. SpareFoot's analysis found that the number of solopreneurs isn't growing at a breakneck pace in McAllen, but these entrepreneurs' businesses are performing well financially. Solopreneurs also make a substantial contribution to the McAllen area's economy.
For more information about the criteria for the solopreneur rankings, visit The SpareFoot Blog at http://www.blog.sparefoot.com.
Here is SpareFoot's complete list of America's Top 15 Hubs for Solo Entrepreneurs.
1. McAllen, TX
2. Allentown, PA
3. Chattanooga, TN
4. Youngstown, OH
5. Akron, OH
6. Detroit, MI
7. Bakersfield, CA
8. Richmond, VA
9. Tulsa, OK
10. Kansas City, MO
11. Buffalo, NY
12. Des Moines, IA
13. Oklahoma City, OK
14. Grand Rapids, MI
15. Daytona Beach, FL