Business Buzz

Study shows Texas is a hotbed for new businesses

Study shows Texas is a hotbed for new businesses

Link Coworking Austin office space business laptop working 2015
Texas boasts some of the best cities to start a business. Link Coworking/Facebook

Where to start a business is just as important as how to grow it — and Texas is one of the finest places for a new business to take root.

Seven Lone Star spots rank among the top 30 on WalletHub's list of the best cities to start a business. The financial website analyzed the 150 most populous U.S. cities using metrics in three main categories: business environment, access to resources, and cost.

Amarillo and Lubbock lead the way at Nos. 10 and 15. Here, business owners are granted the most accessible financing in the nation. Austin is next, at No. 20, followed by Houston (No. 21), Corpus Christi (No. 23), San Antonio (No. 29), and Dallas (No. 30). 

Dallas has the 23rd best business environment in America, notes WalletHub, but resources are slim and starting a business can be costly. Big D ranks a No. 72 in the former category and No. 93 in the latter.

The best city for budding entrepreneurs is Sioux Falls, South Dakota.