Bethesda Named Eighth Best Small City to Start a Business
Now, the city made into the “best small city to start a business in America,” according to NerdWallet, a consumer finance website.
The study was conducted to find the top U.S. small cities to start a business – and Bethesda came at number eight.
The news were featured in the Montgomery County Economic Development website and added that NerdWallet examined 463 places in America with populations between 50,000 and 100,000 and analyzed the following factors:
- 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
To read the full study, click here.