The rankings were determined using assessments of the overall business environment, access to resources, and business costs. Austin had a strong showing in the category for “access to resources”, which includes things like venture capital funding per capita and the local talent pool.
Austin was 127 in the US for business costs, which includes office space cost and cost of living. For business environment, Austin was 4th in the nation. This metric looks at things like the growth in the number of small businesses, work week length, startups per capita and more.
The Kauffmann Foundation ranked Austin as one of the best cities in the country for small businesses and American City Business Journals ranked Austin top in support for small businesses.