It’s well-known that Atlanta is one of the most visited, profitable and lived in cities in the country—the opportunities, especially for black people, are unmatched and now a new report has even more impressive news about the city’s financial growth.
In a recent report by the Atlanta Business Chronicle (@atlbizevents,) the city of Atlanta is absolutely dominating the business market in a major way. The number of million-dollar companies in Atlanta is growing at a faster rate than most other U.S. cities, including competitors New York, Dallas, St. Louis and Kansas.
Based on a new analysis from LendingTree, Atlanta is No. 21 on a list of U.S. cities that had the largest gain in businesses with at least $1 million in revenue from 2014 to 2016. Also in Atlanta, the percent change over the time-frame came in at 6.7%. That represented the addition of 1,953 firms in the city with at least $1 million in revenue.
While Austin, Texas took the top spot by adding million-dollar businesses at a rate of 15.1%, Atlanta’s massive jump within the last five years is what sets them apart from others who rank higher on the list—and also signals that the city could easily occupy the number one spot sooner than expected if the growth continues.
With Hollywood flocking to Atlanta at an astounding rate, the real estate market continuing to be attractive to potential residents and a host of job opportunities, the city of Atlanta is continues to be one of the most financially enticing places in the country.
The Top 5 cities on the list are as follows:
- Austin: 15.1%, 1,857
- Jacksonville, Florida: 14.8%, 963
- Riverside, California: 14.8%, 2,359
- Tampa, Florida: 14.4%, 1,902
- Portland, Oregon: 11.5%, 1,684
Roommates, what are your thoughts on this?
