Chattanooga among leading metros in growth of "solopreneurs," study finds

Chattanooga among leading metros in growth of "solopreneurs," study finds

June 19th, 2014 by Dave Flessner in Local - Breaking News

Chattanooga ranks third among America's top 100 metropolitan areas in the growth of its solo entrepreneurs, according to a study released today.

Sparefoot, an online service for self-storage, ranked metro areas for the increase in their "solopreneurs," or individually owned businesses started in recent years.

Chattanooga trailed only McAllen, Tex., and Allentown, Pa. in the new ranking of growing areas for individuals starting businesses. Many of the top metro areas were those hard hit during the recession when many displaced workers ventured out on their own to start new businesses.

Data came from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.

Here is SpareFoot's complete list of America's Top 15 Hubs for Solo Entrepreneurs.

1. McAllen, Tex.

2. Allentown, Pa

3. Chattanooga

4. Youngstown, Ohio

5. Akron, Ohio

6. Detroit

7. Bakersfield, Calif.

8. Richmond, Va.

9. Tulsa, Okla.

10. Kansas City, Mo.