Salt Lake City Ranks Second Best In The Nation For Small Businesses

May 13, 2014

In honor of national business week, came out with a study that reports Salt Lake City is the second best city in the nation to establish a small business. 

Debi Jensen, a small business owner in the South Jordan who owns a cupcake shop. She said, from her experience, it takes a couple of years to establish a small business.

“It takes about 3-5 years to kick it off for people to know who you are," Jensen said. "So, you have to be patient and get your community support, but once you have that, you’re good.”

Regardless of the potential difficulty, Jensen said small business offer the opportunity for some to live their dream.

“I think everybody should at least one time go after their dream and not regret not trying," she said. "You just have to have patience and I think people can be successful with small businesses.”

According to the Bureau of Labor Statistics, small business have contributed 60 percent of the new job growth over the last 20 years. Also, 47 percent of the workforce is provided by jobs from small business which pay more than 40 percent of the private payroll. 

Learn more about the WalletHub rankings.