MSP Ranks Fourth Among “Best Cities for Business”

MarketWatch studied 102 of the nation's largest cities to gauge their "ability to support a strong business environment."

Despite plummeting winter temperatures, the Minneapolis-St. Paul metro area seems to be an attractive option for the prospective business owner.

According to MarketWatch's annual Best Cities for Business survey, the metro area is the nation's fourth-best in which to do business-moving up one place from last year's ranking.

MarketWatch surveyed 102 of the nation's largest cities-those with a population of 500,000 or more-to gauge their “ability to support a strong business environment.”

Rankings are based on 15 criteria, including revenue output from companies in each metro area, unemployment rate, job growth rate, personal income, population growth, and the number of companies per capita in each metro area.

Washington, D.C. topped MarketWatch's list, followed by Boston and Des Moines, Iowa. The 10 metro areas at the bottom of the list included five California cities, three Florida cities, and two Ohio cities.

MarketWatch is a news Web site that is published by New York-based Dow Jones & Company.