Ranking It

The best cities to start a business? Fort Worth tops the list.

The best cities to start a business? Fort Worth tops the list.

Ben Doherty and Zac Maurais of Favor Delivery
Texas is a great place for startups. Photo courtesy of Favor

The entrepreneurial spirit is alive and well in Fort Worth, says WalletHub, which ranks Fort Worth No. 20 on this year's list of the best cities to start a business.

The financial website's analysts compared startup opportunities in the 150 most populated U.S. cities by analyzing 18 key metrics, ranging from business survival rate to office affordability.

Fort Worth fared well with a No. 11 business environment ranking and a No. 44 ranking for access to resources. Business costs, however, are steep — we rank among the worst, at No. 116.

Austin had the best showing out of all the Texas cities, ranking No. 8 overall. Among its individual metrics, Austin had the best showing for average growth in number of small businesses (4), followed by venture investment per capita (8), and startups per capita (10). 

As a whole, Texas seems to be the land of opportunity. Joining Fort Worth and Austin in the top 25 are Amarillo (No. 9), Lubbock (No. 13), Laredo (No. 15), Houston (No. 18), San Antonio (No. 22), and Corpus Christi (No. 25). Amarillo, Lubbock, and Laredo tie for the most accessible financing in the U.S. 

Those looking to start a biz outside of the Lone Star State need not go far. Oklahoma City claims the No. 1 spot on the report.