3 November Yelp Ranks Jacksonville No.2 for Business Opportunity November 3, 2017 By Laura Pavlus General Jacksonville, economic opportunity, best for business, Riverside neighborhood 0 The Cawton Report: Yelp ranks city No. 2 for business opportunity - by David Cawton - Daily Record - full article here The report, released last week, listed the top 50 cities that provide the best economic opportunity for new businesses, based on Yelp’s website reviews, interactions and other data it collected from July-September. It also takes into consideration how existing businesses are faring and how that data has changed from the same time a year ago. Jacksonville ranked second behind Charlotte, North Carolina, Orlando, Miami and Tampa made the top 20. The report’s data editor, Carl Bialik, said now that the first report has been released, “it’s time to start dialing down to each of these cities,” since the rankings lack a level of specificity. “It’s hard to get too specific beyond what we’ve released so far,” said Bialik when asked about Jacksonville. “What we do know about Jacksonville is that the Riverside neighborhood seems to be the most improved area for new businesses to locate to,” he said. Bialik said Jacksonville scored high in most of the top 10 business categories Yelp used in the rankings, primarily the food and medical categories. The categories were restaurants, nightlife, beauty and spas, event planning and services, health and medical, automotive, food, shopping, home services and active life businesses. He said Jacksonville outranked other Florida cities, “mainly because we found that rent was more affordable.” “However, the gap between Jacksonville at No. 2 and Orlando at No. 4 is not very wide at all,” Bialik said. He said Florida cities are more competitive because there’s no state income tax. Like other cities on the list, the data set includes information collected from all municipalities within a 33-mile radius of Jacksonville. “I think the next step is to look at how maybe the Beaches or St. Augustine, in the case of Jacksonville, compares to the bigger hub,” he said. The study found “there’s particular strength in the Southeast, as more Americans move from Northeast metro areas to warmer cities.” Bialik said large cities like New York, San Francisco and Boston tend to be the toughest places to start a new business, “with higher rents and wage demands.” “In a place where there’s already a dense business community, it can be harder to start a new business, than say a place that has a lot of room to grow,” he said. Bialik said that while Yelp is probably best known as a site to review restaurants, “we have an enormous data set that reaches far beyond that.” He said the study takes into consideration how customers interact with businesses on the website when they look for directions, send a direct message or make a reservation or an appointment. He said some customers don’t make reviews at all. “We’ve been doing this since 2004 and we have more than 100 million reviews, and way more than that when it comes to interactions,” he said. “It’s an ongoing project.” Related Jacksonville Competing in the Top of the Pack for Small Business Jacksonville placed 30th out of more than 100 major metropolitan areas in an American City Business Journals study of small business vitality across America. Jacksonville is Open for Business and Willing to Make a Deal! Possibility flows - Clay County, Just South of Jax. Mayor Lenny Curry wants CEOs to know that Jacksonville is open for business and willing to make a deal. Clay County Business Owner, Amy Pope-Wells, Participates in Roundtable with President Trump Amy Pope-Wells, successful Clay County business owner of Link Staffing and Tira Diva, joins women small business owners at a roundtable with President Trump and Vice President Pence. Incubating a Startup Scene: Creating a Vibrant Atmosphere for Tech and Biotech Firms to Grow in Jacksonville When Jim Stallings founded PS27 Ventures five years ago after retiring from IBM, his goal was simply to invest in and support local companies. Today, his incubator supports eight to 10 companies and employs full-time staff to help those companies vet their ideas, mature their product offerings, find new customers and more. “Five years ago, I wasn’t thinking that it would be like this, but it’s really evolved,” said Stallings. Though PS27’s days as the only incubator in town are numbered, it’s not worried about finding companies in the future. With a full pipeline of companies looking to enter its program – including several from outside of Northeast Florida – PS27 is quadrupling its footprint so it can support more startups at a time. Jacksonville's Office Market Benefited from a Strengthening Economy as Job Creation Continued "With a growing population and a strengthening economy, both national and local businesses look to Jacksonville as a top-tier market for operations," said Colliers, which represented Gramercy Woods in the Aetna transaction. Encouraging Local Businesses to Grow in Place is KEY to Economic Development Clay County, Florida is home to tremendous business assets. Clay features strong defense and aviation, manufacturing, healthcare and life sciences, logistics, information technology, and business support sectors. Clay Economic Development Corporation seeks to retain and strengthen existing businesses by working to eliminate growth obstacles. Showing 0 Comment Comments are closed.