LendingTree Study Finds Seattle, Louisville and Indianapolis Rank Highest for Most Profitable Businesses
Seattletakes the top spot with an astounding 71 percent of firms reporting profits. Of the rest of the firms in Seattle, 16 percent reported losing money and 13 percent reported breaking even. Louisville, Kentuckytook the second spot with 69.98 percent of businesses or 9,380 out of 13,404 recorded profits. Indianapolistook the third spot with 69.92 percent of businesses or 15,001 of 21,455 businesses reported profits. Houstonwas the unfortunate champion of the unprofitable firm. According to Census Bureaudata, 23 percent of firms there report a loss.
Here are the top 10 U.S. metros with the largest shares of profitable businesses:
Seattle- 70.93 percent Louisville, Ky.- 69.98 percent Indianapolis- 69.92 percent Portland, Ore.- 69.85 percent Denver- 69.37 percent Columbus, Ohio- 69.09 percent Minneapolis- 69.05 percent Milwaukee- 68.44 percent Nashville, Tenn.- 68.21 percent Charlotte, N.C.- 67.93 percent
Here are the 10 U.S. metros with the largest shares of businesses posting losses:
Houston- 23.37 percent Virginia Beach, Va.- 21.99 percent San Jose, Calif.- 20.40 percent Dallas- 20.27 percent Pittsburgh- 20.24 percent Baltimore- 19.80 percent San Antonio- 19.66 percent Birmingham, Ala.- 19.61 percent New York- 19.57 percent St. Louis- 19.30 percent
To view the full report, visit:
In order to rank the metro areas with the highest share of profitable firms, researchers compared the total number of firms with employees in a metro area to the number of firms in a metro area reporting profits. This gave the share of profit-making firms by metro area. The metro areas were ranked highest to lowest based on this figure.
Data for all figures come from the 2016
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