Financial blog ranks top 100 LA towns to start a small business

Financial blog ranks top 100 LA towns to start a small business

LOUISIANA (KSLA) - An online financial blog recently ranked the best 100 Louisiana towns for starting a small business and several ArkLaTex cities made the list.

LendEDU released the list stating that the state has a top-notch small business environment.

Some of the ArkLaTex towns featured on the list include Stonewall as the second best, Many ranked at 15 and  Homer coming in at number 20. Bossier City, Haughton and Benton also made the list.

Stonewall mayor Charles Waldon credits several factors for their ranking.

"Everything plays off of everything," said Waldon. "The developers that had the foresight to put in the strip malls, you know, to make space readily available."

Mayor Waldon said those developers took a huge risk in building those strip malls and it's a risk that's paid off.

In all, 13 northwest Louisiana towns were featured on the list.

The final community to make the list of the best towns and cities to start a small business was Keithville. But it's neither a town or city. It is unincorporated.

Longtime Keithville barber Anthony Kelley said, "It's a good place because a lot of people is moving in this direction from Shreveport. They're coming this way."

Just a few miles north of second-ranked Stonewall, 92nd ranked Keithville is said to benefit from its neighbor to the south.

"Stonewall is (a) very booming city down there now. And the trickle up effect benefits Keithville," said Keithville resident Don Copelin.

The blog post states they analyzed hundreds of Louisiana towns and cities based on each community's conduciveness towards starting a small business with the help of a licensed dataset.

The communities were given a score that represented how friendly they are for small businesses in the categories of population, income and expenses.

Click here to visit the full article with an explanation of the entire process.

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