Report: Chattanooga, Memphis tops for startups

Chattanooga is the best city in Tennessee to start a business, according to a report released today by WalletHub.

The personal finance company evaluated start-up opportunities in 150 of the most populated U.S. cities. Tennessee’s four largest metropolitan areas all landed in the uppermost half of the list, though Knoxville again was last when compared to its sister cities.

Chattanooga earned the highest ranking in the state coming in fourth overall. Memphis came in close behind at seventh.

Nashville was ranked at 20th while Knoxville was 32nd.

The company considered each city’s “access to resources” and its “business environment” and then identified 13 related metrics such as the number of small businesses per capita, financing accessibility and the educational attainment of the local workforce.

At the top of the list was Shreveport, La., followed by Tulsa, Okla. and Springfield, Mo.