CASPER, Wyo. — A new study says that Casper is the sixth most likely location for new business start-ups among small cities in the United States.
“Casper had 3.3 new businesses started per 1000 people, which was 43% above the national average,” the new AdvisorSmith study says.
The study used data on the number of businesses started in 2018 from the U.S. Bureau of Labor Statistics and the U.S. Census Bureau, Adrian Mak says.
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“There were approximately 2,700 businesses in Casper with at least 1 employee,” Mak adds.
Casper also ranked 20th among all cities, ahead of Cheyenne, Denver and Rapid City.
In addition to grouping cities in terms of small (<150,000 population), midsize (population between 150,000 and 500,000) and large (over 500,000 population), the study looked at statewide numbers.
Overall, Wyoming ranks seventh in the study with 3.98 businesses started per 1,000 people.
These are the top ten small cities for new business start-ups:
- 1. Carson City, NV
- 2. Missoula, MT
- 3. Idaho Falls, ID
- 4. Wenatchee, WA
- 5. Napa, CA
- 6. Casper, WY
- 7. Mount Vernon, WA
- 8. Logan, UT
- 9. Great Falls, MT
- 10. Cheyenne, WY
“The United States has approximately 6 million businesses that have at least one employee, and the average rate of business creation was 2.3 new businesses created per 1,000 population,” the study says. “There were approximately 750,000 new businesses created in the United States in 2018.”