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Tom York on Business: New Business Startups Lagged in San Diego During the Pandemic

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Small business owner. Photo courtesy Small Business Administration

San Diego lagged other U.S. cities when it came to starting a business during the COVID-19 pandemic. That’s according to a recent study published by personal financial services website WalletHub.

America’s finest city ranked No. 39 on its list, lagging far behind No. 1 Laredo, TX, and No. 2 Durham, NC. The study used 21 key measures, including such factors as the five-year business-survival rate, the number of local COVID-19 cases and office-space affordability, to establish the rankings.

Interestingly, four cities from California arch-competitor Texas ranked in the top ten, including Austin and Fort Worth, while Florida and North Carolina had two each: Orlando and Tampa and Charlotte and Raleigh. For a complete rundown on the study, go here.

The study notes that “Americans are born with an entrepreneurial streak. From the Gold Rush to the Industrial Revolution to…

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