Tulsa named fourth best city to start a business

NerdWallet has ranked Tulsa as the fourth best city to start a business. The financial literacy website based their results from Tulsa's current economy, small business lending history, job force, and relative cost of living.

According to NerdWallet, community banks are active in Tulsa, as they have provided $125 million in small commercial and industrial loans in 2012, which is the second most of all major cities. As an aircraft and aerospace hub, Tulsa has a growing entrepreneurial landscape and is well suited for those interested in technology.

"Small businesses in Tulsa continue to thrive, grow jobs and serve as an economic engine for our city," Mayor Dewey Bartlett said in a release. "With the many programs, initiatives and advocacy groups in Tulsa, small businesses are welcomed with open arms. The creation and growth of small businesses remain a priority of mine and the City of Tulsa is here to help any way we can."

According to the U.S. Small Business Association, small businesses make up 99.7 percent of U.S. employers and have generated 64 percent of net new jobs in the past 15 years. The U.S. economy depends on small business but entrepreneurs face uphill battles when it comes to funding, hiring and affordability.

"Tulsa, Oklahoma exemplifies a city that is truly committed to small business and the entrepreneurial spirit," said Divya Raghavan, analyst for NerdWallet. "The city's generous lending history coupled with its low cost of living makes it a great place to start a business."

NerdWallet is a consumer-friendly financial literacy website that helps individuals make better financial decisions. NerdWallet has been featured in the New York Times, Wall Street Journal and Reuters. For more information, visit and to view the complete list, visit: http://www.nerdwallet.com/.

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