Forbes: Boulder is America's best place to start a new business in 2015

Author: Alex Burness

Source: Daily Camera 

Boulder can add another bullet to its diverse and ever-growing collection of mentions on "best of" lists.

Boulder is no stranger to these reports and in the last few years has been recognized for pretty much every possible trait. According to a slew of different organizations with varying degrees of credibility, it is at once the No. 1 American city for work/life balance, the city with the country's'unhappiest' workforce and the No. 4 most hippie-friendly community, among many other labels.

On Thursday, the city's resume grew, with a proclamation by Forbes that Boulder is the best place in the U.S. for starting a business in 2015.

"It's known as a mellow, artsy destination at the foothills of the Rocky Mountains, boasting sweeping views, a thriving tech scene, and a vibrant artisan food culture, but Boulder, Colorado is also a great place to launch a business," the magazine writes.

According to data provided to Forbes by personal finance site NerdWallet, Boulder and its surrounding towns and cities beat out the country's 182 other metropolitan areas that qualify as having at least 15,000 businesses and a population greater than 250,000.

Each metro area was graded based on average annual revenue of local businesses ($721,489 in Boulder's case), number of businesses per 100 people (14.1) and percentage of businesses with paid employees (23.8 percent).

If that final figure seems low, the report notes that 82 percent of the country's small businesses do not have employees and are in fact run by one or two people and powered by contract workers.

Wilmington, N.C., came in second, with 15 businesses for every 100 residents — the most of any place on the list. The Bridgeport-Norwalk-Stamford area of Connecticut came in third, followed by Evansville, Ind. and Cedar Rapids, Iowa.