Grand Junction ranks among the best small cities in which to start a business in an analysis comparing more than 1,300 locations.
Grand Junction ranked 33rd in the 2022 analysis conducted by WalletHub. The personal finance website offers credit scores, reviews and other services.
WalletHub compared 1,334 cities with populations between 25,000 and 100,000 residents. The analysis took into account three dimensions: access to resources, business costs and business environment. Each dimension, in turn, was evaluated using a total 18 metrics that included everything from business startups per capita, access to investors and work force education to labor costs, cost of living and corporate taxes. Each metric was graded on a 100-point scale. Overall scores — and rankings — were based on each city’s weighted average across all metrics.
Grand Junction received an overall score of 55.7 out of a possible 100. Grand Junction ranked 63rd for access to resources, 184th for business costs and 195th for business environment.
Grand Junction ranked 79th for startups per capita, 408th for labor costs, 427th for industry variety, 632nd for work force education and 765th for office space affordability.
Among small cities in Colorado, Grand Junction finished behind only Englewood at 26th.
Longmont ranked 40th, followed by Windsor in 58th, Loveland at 65th, Lafayette at 74th, Fountain at 82nd, Littleton at 132nd, Broomfield at 136th, Northglenn at 146th, Brighton at 148th, Commerce City at 179th, Wheat Ridge at 180th, Parker at 219th, Castle Rock at 228th, Columbine at 384th and Pueblo West at 463rd.
Small cities in Utah fared well in the analysis, taking five of the top 10 spots overall. Washington ranked first, St. George second, Cedar City fourth, Logan eighth and Eagle Mountain ninth. Small cities in Florida took three of the top 10 spots with Fort Myers fifth, South Bradenton sixth and Winter Park 10th.
Bozeman, Mont., placed third and Williston, N.D., seventh.
For more information about the WalletHubreport, visit https://wallethub.com/edu/best-small-cities-to-start-a-business/20180.