Austin named best in U.S. for small business

No state weathered the Great Recession in better shape than Texas. So it would seem the ideal place to launch a business, wouldn't it?

That's certainly true of its capital city. Austin offers the nation's best conditions for small-business growth, according to a new study by The Business Journals.

Rounding out the top five in this year's ratings of small-business vitality are Oklahoma City, Denver, Raleigh and Salt Lake City. (Click here, or on the image to the right, for a slideshow of the 10 leading markets.)

The Business Journals used a six-part formula to rank the nation's 102 major metropolitan areas, giving the best scores to areas that are highly conducive to the creation and development of small businesses. (The study defines a small business as any private-sector employer with 99 or fewer employees.)

Article from the Austin Business Journal (found here).