By Grace Wong, Inland Valley Daily Bulletin
Posted: 03/27/14, 5:38 PM PDT |
A report by WalletHub.com, a personal finance social network, rated 150 cities in the United States to determine how easy it was to start a new business there. Ontario was ranked No. 141.
The study, released earlier this month, was based on 14 types of data compiled from a variety of sources including the U.S. Census Bureau and the U.S. Bureau of Labor, but experts say the data is flawed because it is dependent on the population of the city and fails to evaluate other crucial elements.
“I would take issue with the claims of Ontario not being a good place to do business,” said Jordan Levine, an economist with Beacon Economics who is an expert on the Inland Empire. “You have to take a longer view in terms of history and a broader view in terms of what you’re looking at. You want to be careful about drawing conclusions if the methodology is based on resident population.”
Ontario ranked close to last because “a relatively small percentage of the local workforce has a bachelor’s degree or higher, the average workday is rather short, and corporate real estate is fairly expensive,” according to an email.
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