Roseville has been named the fifth-best place to start a business in Minnesota by NerdWallet. The consumer finance website studied business climate and local economic health to compile its rankings.
In the recently-released survey, NerdWallet examined 123 locations in Minnesota with populations of 5,000 or more and analyzed the following factors:
- Business climate
- 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
Roseville earned impressive numbers across all variables in the study, with 3,800 businesses maintaining impressive average revenue per business of $2,223,381. With an unemployment rate of 2.8%, Roseville’s ranks far below the national average and among the lowest in the survey.
To learn more about the survey and small business rankings, visit www.nerdwallet.com/blog/small-business/best-places-start-business-minnesota.
NerdWallet is a personal finance site designed to help consumers make well-informed decisions across a broad range of financial topics, like buying a home, saving for retirement and starting a small business.