Bethesda Named Eighth Best Small City to Start a Business

Bethesda has made into the “richest small city in America,” and “snobbiest small cities in America.”

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:

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

To read the full study, click here.

About Aline Barros

Aline Barros is a multimedia reporter and community engagement specialist with Montgomery Community Media. She can be reached at Abarros@mymcmedia.org and on Twitter at @AlineBarros2.

View all posts by Aline Barros