Missoula and Billings have both landed in the top 10 of a new survey ranking the best large cities to start a new business.
The "Best Large Cities to Start a Business" survey, published by wallethub.com, put Missoula in the No. 4 spot while Billings came in at No. 8 spot.
Sioux Falls, S.D., took the No. 3 spot, and Austin, Texas and Oklahoma City, Ok. took No. 2 and No. 1 respectively.
In a similar survey of small cities, Bozeman took the No. 9 spot. Bismarck, N.D. came in at No. 8 and Cheyenne, Wyo. was ranked No. 5.
The website states:
Americans are born with an entrepreneurial streak. It’s in our DNA. From the Gold Rush to the Industrial Revolution to the Internet Age, intense periods of innovation have molded our economy and sparked important societal advancements.
Today, more than 15 million people in the U.S., or about 10 percent of the labor force, work for themselves. And there is always room in the market for new ideas, products, services and multi-million-dollar success stories — if one knows where to look.
In order to help aspiring entrepreneurs — from restaurant owners to high-tech movers and shakers — maximize their chances for long-term prosperity, WalletHub compared the relative startup opportunities that exist in more than 180 U.S. cities. We did so using 19 key metrics, ranging from five-year business-survival rate to office-space affordability.
Click here to read to full survey.