With a strong percentage of new companies starting in the last year and low unemployment rates, the three largest metropolitan statistical areas in South Carolina ranked in the top half of cities to start a business in 2017.
According to the study, out of 358 metro statistical areas, Charleston-North Charleston ranked No. 82, Columbia came in at No. 154 and Greenville-Mauldin-Anderson was No. 185. Myrtle Beach-Conway-North Myrtle Beach was No. 144 while Spartanburg was No. 277, Sumter was No. 310 and Florence was No. 340.
The study, conducted by HeroPay and the HeroPay Academy, was compiled looking at locally-sourced data from a combination of federal agencies and non-governmental organizations such as the U.S. Census Bureau, American Community Survey, Business Dynamics Statistics, Tax Foundation and Bureau of Labor Statistics, as well as surveying 150 business owners across the country, according to HeroPay founder Hiro Taylor.