North Chicago tops Illinois small cities for starting a business
Updated
Updated · Lake and McHenry County Scanner · May 3
North Chicago tops Illinois small cities for starting a business
6 articles · Updated · Lake and McHenry County Scanner · May 3
The city also placed 56th nationally in WalletHub's ranking of more than 1,300 US cities with fewer than 100,000 residents.
The study assessed business environment, access to resources and costs, using metrics including small business growth, financing access, investor access and labour costs.
Mayor Leon Rockingham Jr said the result reflected efforts to support entrepreneurs and would bolster continued investment in economic development, ahead of Illinois cities including Quincy, Bloomington and Schaumburg.
This city is ranked Illinois' best for business, but what critical challenges does the glowing report hide?
Can a startup survive in a city with a top-10 business climate but a bottom-tier rank for resources?
With a $380M corporate investment, will North Chicago's small businesses get a boost or get left behind?