Atlanta Named Top City In US To Start A Business

The ATL is now ranked as the number one city in the US to start a business. A company named Home Bay conducted a study that analyzed the amount of new business applications, venture capital investments, and job growth of the nation’s 50 most populated cities.

Jamie Seale, who is the author of “2024 Data: What Are The Best Cities To Start A Business?” reported to Black Enterprise Magazine that “Atlanta has really improved as a city for entrepreneurs in the past two years.” She also disclosed that Atlanta moved up from the No.5 ranking, behind No. 1 Las Vegas, since the last time the study was done in 2022.

In her study, she found that over the past five years, Atlanta has the second-highest number of new business applications with 28.5 per 1,000 residents – almost double the number in the average U.S. city (14.5).

The study also found that Jobs in Atlanta have grown 2.5% over the past year, versus 1.7% nationwide, indicating thriving business conditions.

Seale also pointed out that the ATL has more Black-owned businesses per capita than any other city in the US making this a great place for black entrepreneurs to network, learn and partner with other business owners in the community.

The ATL also has several incubators, accelerators, and funding opportunities geared toward helping Black founders like the Russell Innovation Center for Entrepreneurs and Hawks Ventures.