Reality: Rochester, despite being located in both Upstate New York and the Rust Belt (double whammy), might actually be a great spot to start a business. As reported by the Rochester Business Journal, WalletHub recently ranked the 150 most populated cities nationwide with regards to relative start-up opportunities. Thirteen unique metrics were used, ranging from 5-year survival rates to the educational attainment of the local workforce. The findings:
- Rochester was the top-ranked city in the state of New York.
- Even more impressive, Rochester was ranked 29th nationally - yes, in the top 20 percent.
- Rochester was ranked 3rd in the nation for "Access to Resources," a broad category which included 4 of the 13 metrics, namely financing accessibility, office space affordability, employee availability, and labor costs.
Time to move to Rochester.