Seattle Tops List of America's Highest Achieving Cities of 2015

Invoice2go Reveals New Ranking of the Top 25 Cities where America's Smallest Businesses are Thriving

Dec 15, 2015, 08:00 ET from Invoice2go

REDWOOD CITY, Calif., Dec. 15, 2015 /PRNewswire/ -- Invoice2go, the App Store's No. 1 mobile invoicing app, has released its ranking of America's Highest Achievers, a list of the top 25 U.S. cities for small businesses in 2015. More than 23,000 small and micro businesses across the U.S. were analyzed to determine which cities are the most lucrative based on the average amount each local business invoiced in 2015. Seattle topped the list as America's No. 1 city for success, with small businesses in that region invoicing a yearly average of $179,905. San Francisco and New Orleans closely followed, with each business invoicing an annual average of $146,349 and $142,556 respectively. New York, Minneapolis, Boston, Miami Beach, Dallas, Philadelphia and Miami rounded out the top 10.

"An incredibly diverse cross section of America's smallest business owners, from electricians and landscapers to creative freelancers, use Invoice2go to bill their customers and get paid every day. By analyzing that collective activity, we get unique insight into a hard to measure, yet critical subset of the U.S. economy," said Greg Waldorf, Invoice2go CEO. "The media constantly paints small business owners, particularly the self-employed, as a vulnerable group in need of stronger protection. That sentiment fails to recognize that these business owners are strong, ambitious, and carving out their own success. The Highest Achievers list is proof that that there's ample opportunity for anyone who wants it."

A recent survey found that 86 percent of small businesses using Invoice2go expect to grow their business in 2016. The majority of users expecting rapid growth in the new year view the acceptance of credit and debit card payments as a key driver for success. Invoice2go, a Fintech company to watch, is used by 200,000 small businesses worldwide to send more than a billion dollars in invoicing every month. The app allows U.S. business owners who previously had to wait for a check in the mail, to now accept payments via credit and debit cards. Invoice2go helps users take control of cash flow, get paid quickly, and improve day-to-day operations.

America's Top 25 Highest Achieving cities for small business in 2015 include the following*:

Rank

City

Average Amount Invoiced in 2015

1

Seattle, WA

$179,905

2

San Francisco, CA

$146,349

3

New Orleans, LA

$142,556

4

New York, NY

$135,537

5

Minneapolis, MN

$133,962

6

Boston, MA

$132,164

7

Miami Beach, FL

$128,558

8

Dallas, TX

$126,645

9

Philadelphia, PA

$126,492

10

Miami, FL

$124,458

11

Houston, TX

$124,036

12

Salt Lake City, UT

$120,289

13

Chicago, IL

$118,455

14

Las Vegas, NV

$112,222

15

Denver, CO

$106,064

16

Honolulu, HI

$105,475

17

Washington, D.C.

$100,990

18

Los Angeles, CA

$100,422

19

Nashville, TN

$98,906

20

Atlanta, GA

$96,874

21

Orlando, FL

$94,231

22

Detroit, MI

$88,021

23

Charlotte, NC

$85,429

24

San Diego, CA

$84,962

25

Phoenix, AZ

$82,104




*Annual ranking based on the average monthly amount invoiced per business from January to December 2015.

"The majority of the top 25 cities are invoicing an average of more than six figures on an annual basis, a high number by any measure," said Bob Briski, director of data at Invoice2go. "Taking a bird's eye view of this heavily fragmented workforce segment, it's exciting to see the many hardworking entrepreneurs finding substantial success across industries and markets."

For more takeaways and analysis on the 2015 Highest Achievers List, visit the Invoice2go blog.

To learn more about Invoice2go, visit https://invoice.2go.com. To access a free trial, download the app via the Apple iTunes store or via Google Play.

About Invoice2go
Invoice2go is a mobile app that helps small businesses manage cash flow through easy-to-use invoicing, expense tracking and simple reporting tools. It was founded in 2002 by an Australian small business owner who was frustrated by the lack of simple invoicing solutions. Today, Invoice2go is the App Store's #1 mobile invoicing app and is trusted by 200,000+ customers worldwide to send over $1 billion in invoicing every month.  It is currently available in 11 languages, including English, French, Spanish, Portuguese, German, Dutch, Danish, Finnish, Swedish, Italian and Thai. Invoice2go is backed by VCs Accel and Ribbit Capital. For more information, visit https://invoice.2go.com.

Photo - http://photos.prnewswire.com/prnh/20151214/295870-INFO

 

SOURCE Invoice2go



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