Waite Park is Among Best Places to Start a Business
San Francisco, CA (June 2, 2015)
NerdWallet, a consumer finance website, has conducted a study to find the best places in Minnesota to start a business - and Waite Park ranked 18th. To determine this ranking, NerdWallet examined 123 places in Minnesota with populations of 5,000 or more and analyzed the following factors:
Average revenue of businesses
Percentage of businesses with paid employees
Businesses per 100 people
Local Economic Health
Median annual income
Median monthly housing costs
Waite Park's Stats
With a population of 6,678, the city has over 500 businesses with high average revenue per business ($1.794,006). Waite Park also boasts one of the highest percentages of businesses with paid employees on the list (45.43%).
Cities in Top 20
Other cities in the top 20 included Eden Prairie and Arden Hills.
About Nerd Wallet
NerdWallet is a personal finance site for consumers. Our data-driven tools and content enable consumers to make well-informed decisions across a broad range of financial topics, like buying a home, saving for retirement and starting a small business.