In 2023, a record-breaking 5.5 million new business applications indicates a vibrant entrepreneurial spirit in America, with over 430,000 applications filed monthly.
Scottsdale, Arizona, emerged as the top city for small businesses, showcasing 38% GDP growth from 2018 to 2022, coupled with a notable self-employment rate of 16.5%.
Miami's impressive metrics, including 5,320 business applications per 100,000 residents and a 32% GDP growth, underscore its status as a significant hub for entrepreneurship.
Sun Belt cities dominate the list with 14 of the top 20 rankings, reflecting a trend where regions below the Mason-Dixon line thrive in business applications.
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