News in Cortland NY

Cortland Among Best Places to Start a Business in New York

NerdwalletNerdWallet, a consumer finance website, has conducted a study to find the best places in New York to start a business – and Cortland ranked 18th.

To determine this ranking, NerdWallet examined 83 places in New York with populations of 10,000 or more and analyzed the following factors:

Business climate
• Average revenue of businesses
• Percentage of businesses with paid employees
•Businesses per 100 people

Local economic health
•Median annual income
•Median monthly housing costs
•Unemployment rate

With a population of 19,187, Cortland has 1,210 businesses boasting average revenue per business of $861,594. Over 42% of these businesses have paid employees, and the unemployment rate is among the lower in the top 20, at 4.6%. These factors contribute to a healthy and stable local business climate, encouraging aspiring entrepreneurs to start their own business in Cortland.

Other communities in the top 10 include Mineola and White Plains. See the full study.