Clarksville, Ind., has been named the seventh best place in Indiana to start a business by NerdWallet, a consumer finance website.
To determine this ranking, NerdWallet examined 99 places in Indiana with populations of 5,000 or more and analyzed the following factors:
- Business climate
- Average revenue of businesses
- Percentage of businesses with paid employees
- Businesses per 100 people
- Local economic health
- Median annual income
- Median monthly housing costs
- Unemployment rate
Located on the border of Indiana and Kentucky, Clarksville has the largest population of the top 10 cities in the survey, at 21,734. The city scores very well in three categories: average revenue per business ($1.95 million), percentage of businesses with paid employees (45.16 percent) and its unemployment rate of 4.2 percent. These factors create a strong and supportive business climate in Clarksville for aspiring small business owners looking to start their own new company in the city.
Other cities in the top 100 from Southern Indiana include Sellersburg at #44 and Jeffersonville at #82 from Clark County and Scottsburg at #59 from Scott County. See the full study here.
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