Orlando, Miami, and several cities in Florida are ideal for starting a business in 2024, according to a study by WalletHub

A guide for future entrepreneurs

This comprehensive analysis provides a detailed insight into each city evaluated, offering potential entrepreneurs a valuable guide on destinations that present the best conditions for business success. The factors considered in the study reflect the most recent and relevant statistics on business opportunities in each city, providing an invaluable tool for those looking to establish their businesses in conducive environments.

The future of business looks bright in several cities in Florida, with Orlando and Miami leading the way to entrepreneurial success in 2024. For more details and a comprehensive analysis, we invite you to visit the WalletHub website, where you will find detailed information to help you make informed decisions on your entrepreneurial journey.

"What Miami or the United States gives you is immeasurable scale. Once you have found and understood how to do business here, there is no limit to growth," shares Victoria Rellihan, an Argentine entrepreneur in Miami.

Orlando and Miami: the stars of every entrepreneurship. Why?

• Orlando's success lies in its high rate of business creation, as well as its solid survival rate. Additionally, the city excels in the Kauffman Index of Startup Activity, which demonstrates its support and encouragement for innovation and entrepreneurship.

• Compared to other cities evaluated, Orlando stands out for its favorable business environment and access to resources, making it fertile ground for the flourishing of new enterprises.

• Orlando offers unique opportunities for business growth, both locally and internationally. Its infrastructure, government support, and diversity of economic sectors make the city a conducive place for the realization of business ideas.

• Miami stands out for its dynamic business environment, the diversity of economic sectors in the city, and its focus on innovation and creativity. These combined elements create a conducive environment for the development of new businesses and the realization of entrepreneurial ideas.

• The city of Miami has experienced significant growth in the number of small businesses, as well as in job creation, reflecting its potential as a hub of business opportunities.

• Miami offers unique opportunities for entrepreneurs in sectors such as technology, tourism, fashion, and gastronomy. Its strategic location, modern infrastructure, and cultural diversity make it an ideal place for those looking to expand their business horizons.

The shining destination: Orlando shining in the business firmament

Leading the list with unmatched brilliance is the city of Orlando, which ranks first due to its impressive growth in the number of small businesses. This outstanding growth has surpassed most of the other cities evaluated, placing Orlando in a leadership position in the Kauffman Index of Startup Activity. It stands out not only for the number of new businesses but also for the notable survival rate of these, making it a magnet for those looking to start their entrepreneurial adventure successfully.

Miami, the city of Sun and booming business

Another gem of Florida shining in this ranking is the vibrant city of Miami, which ranks fifth on the overall list. This report highlights Miami as one of the best places for business development, taking into account factors such as average length of the workweek, growth in the number of small businesses, new businesses per capita, average growth in business revenues, and employment expansion. Undoubtedly, Miami stands out as an attractive destination for those seeking a conducive environment for the flourishing of their entrepreneurial initiatives.

Hialeah, Tampa, and Jacksonville: Other promising destinations on the business horizon.

We cannot fail to mention other cities in Florida that also shine in this study. Hialeah stands out in 17th place on the list, particularly in the business environment category. Meanwhile, Tampa and Jacksonville achieve prominent positions by ranking second and fourth respectively. These cities have shown to have favorable conditions for business creation, standing out for their affordable costs and the availability of necessary resources to drive business growth.

Exploring the business landscape of other standout cities

The study also sheds light on other cities that are emerging as promising destinations for entrepreneurs. Cities like Fort Worth and Austin in Texas, and Durham in North Carolina, feature prominently on the list. However, Miami's score stands out in this analysis, demonstrating its strength in the business environment despite facing relatively high business costs.