The Small-Business Administration (SBA) recently released a list of its most-popular local markets, with only one of them, in Brooklyn, making the cut.
According to a press release from the agency, the list was released to coincide with the end of the annual Small Business Entrepreneurship Summit, which brings together a number of industry and government leaders.
While the New York market is a solid performer, the SBA also found that smaller cities in New Jersey, New York City, and Staten Island had their markets ranked higher than smaller ones.
While the SBC did not identify the top-10 markets in the country, it did say that the “Top 10 Small Business Market in America” was Brooklyn, NY, followed by Manhattan, NY.
The Top 10 Small-State Markets in America also include Albany, NY; Bridgeport, CT; Fort Myers, FL; Hartford, CT, and Rochester, NY as well as the top five markets in each state, which are New Hampshire, New Jersey (which is home to several of the state’s largest cities), Connecticut, and New York.
The Top 10 Local Markets in New England were Boston, MA, Hartford, Connecticut, Providence, RI, and Portsmouth, NH.
These four markets have been consistently ranked in the top 10 markets in every survey and SBA survey over the past decade.
The SBA list includes the Top 10 local markets in New Hampshire (left), Connecticut (right), New York (center), and Rhode Island (left).
The Top 5 Local Markets from Maine (left) and Rhode Islands (right) are also included on the SBIA list.
The top 10 local market lists for 2016 include: 1) Boston, Massachusetts (2), Providence, Rhode Island, New Hampshire 2) Albany, New England, New Yorker 3) Providence, Vermont, Vermont 4) New York, New America 5) Providence-Hudson, New Bedford, Massachusetts6) New Haven, Connecticut-Hampshire 7) Hartford-East Hartford 8) Norfolk, Virginia-Newport News9) Providence , Rhode Island-New Bedford10) Burlington, Vermont-Westport