Top US Cities for Starting a Business

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According to a new report from financial services company SoFi, cities like Miami, Minneapolis, and Atlanta are emerging as top destinations for starting a new business in the United States. The report cites factors such as strong application volumes, access to funding, and robust entrepreneurial support systems as key drivers behind the rise of these cities as hubs for new business formation.

Why it matters

As the economy continues to evolve, identifying the best locations for launching a startup has become increasingly important for aspiring entrepreneurs. This report provides valuable insights into the cities that are cultivating thriving entrepreneurial ecosystems and offering the resources and infrastructure needed for new businesses to succeed.

The details

The SoFi report analyzed a range of metrics to determine the top cities for starting a business, including the volume of new business applications, access to funding sources like venture capital and small business loans, the strength of the local talent pool, and the overall entrepreneurial support systems in place. Minneapolis, Miami, and Atlanta emerged as standout performers, with each city demonstrating robust entrepreneurial activity, a growing pool of skilled workers, and a range of programs and initiatives aimed at fostering new business growth.

• The SoFi report was published on April 1, 2026.

What’s next

The report's findings are likely to spur increased interest and investment in the highlighted cities, as entrepreneurs and businesses seek out the most favorable environments for launching and growing new ventures.