Study: Philadelphia 4th Worst City In Nation For Small Business Employees
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PHILADELPHIA (CBS) – Small business employees in Philadelphia might not be feeling any of that “brotherly love.”
Just ahead of National Small Business Week (June 17-21), a new study ranks Philadelphia the fourth worst city for workers at small companies.
The research, which was done by credit card resource website CardHub, evaluated the state of small businesses in the 30 largest cities in the U.S.
Philadelphia came out 27th, just behind San Diego and ahead of Sacramento. Detroit was ranked the worst city for small businesses, and Denver was ranked the best.
According to CardHub, the results of the study were determined using 10 different metrics ranging from small business job growth to average wages for new hires to arrive at the results.
Citing Philly’s high “unemployment, stress, and cost of living” as contributing factors to its low ranking, CardHub also adds that the city falls in the middle for job growth, new hires and industry variety.
“About the only thing the Philadelphia metro area has going for it,” the company writes, “is that its employees work the 4th fewest hours, on average, out of the 30 largest metropolitan areas in the United States.”
To see the full study, visit: www.cardhub.com/edu/best-worst-cities-for-small-business-employees/#methodology