10 Worst Cities to Have a Startup in 2015
Despite Newark Mayor Ras Baraka’s recent push to attract businesses to the city, it ranked as the worst city to start a business in part because it has the lowest employee availability and the least educated workforce.
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Jersey City has a rather small pool of available employees and its office space is quite expensive for startups.
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Garden Grove also has some of the lowest employee availability in the country.
Yonkers’ employee availability, which compares job openings per capita to the city’s unemployment rate, is one of the lowest in the country.
Flickr/Aidan Wakely Mulroney
It will cost you dearly to open your business in Fremont, where the median annual salary is four times higher than in Detroit.
Ontario’s workforce is one of the least educated among the 150 studied in this report.
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Office space is far from affordable in Oakland, while access to financing is slim.
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Santa Ana is another city with a less than desirable educated workforce compared to 150 cities WalletHub analyzed.
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Home to several highly successful companies already, including eBay and Cisco, annual salaries are so high in San Jose that startups may have difficulties attracting workers in that city.
Anaheim has low employee availability and is also one of the most expensive places to live in the country.