By DREW HOWARD
The City of Rochester Hills ranks as the eighth best small city in America in which to start a small business, according to a new evaluation from Verizon Business.
Verizon Business evaluated small cities according to six key factors: the education level of the local workforce; in-city commute times; income per capita; broadband access; availability of SBA loans; and overall tax friendliness for small businesses.
According to the press release, the City of Rochester Hills welcomed seven new high tech companies last year while helping many others expand their operations, resulting in more than $11 million in new investment.
“Anytime you are recognized as being one of the best in the nation there is great pride,” Mayor Bryan Barnett stated in a press release. “We have a fantastic team here in Rochester Hills led by our manager Pam Valentik, and we are grateful for all of the small businesses who choose to do business in the city.”
City leadership credits the ranking in part to Mayor Bryan Barnett’s Business Council, which provides an opportunity for the business community to gather on a regular basis and share their private sector insights and best practices.
In addition to being the robotic capital of North America, Rochester Hills is home to an array of small businesses that include computer technology, electronic research, structural engineering, warehousing and distribution, plastic injection molding and more.
“We’re thankful for this national recognition from Verizon,” Pam Valentik, Manager of Economic Development, said. “It validates that we’re doing all of the right things to make our city welcoming to small business. They’re the backbone of our economy and creating the next generation of jobs for our residents.”