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Posted on: April 22, 2019

Vero Beach Named Top Small City for Business

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Vero Beach Named Top Small City for Business

Vero Beach was named 2019's 30th Best Small City for Business in a recent study of close to 200 select, small-sized U.S. cities.

This study, conducted by the small business and finance experts at ChamberofCommerce.org, compared cities with a population between 50,000 and 250,000 residents. By keeping population figures in that range, small cities that are genuinely business-viable were allowed to stand out amongst popular metropolises.

The cities were ranked according to various economic metrics typically associated with burgeoning financial cities and districts. Some of these metrics include regional cost of living, revenues by all businesses (per capita), personal income per capita, unemployment rate (or lack thereof), and average jobs creation rate, among others.

Vero Beach's excellent ranking was in part due to its exceptional personal income per capita statistic, as well as to a considerably positive job creation rate. The overwhelming strength of these two statistics, along with respectively great showings in other categories, catapulted Vero Beach into the top 30.

In creating this study, the Chamber of Commerce analyzed data from a variety of publicly-available data sources, including the U.S. Census Bureau, the Bureau of Labor Statistics, among others.

No other city in Florida made it into the top 30, with only one other city from the state making it into the top 100 (Panama City Beach at #32).

Read the full article: Best Small Cities for Business

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