Bucks County’s focus on small business helps ensure that owners of home-grown shops and service providers make it amid a sea of bigger players. In fact, many small businesspeople do quite well in Pennsylvania. The local commerce environment propelled the county to a top-ten spot in an assessment of statewide friendliness to mom-and-pop operations. SmartAsset compiled the data.
To determine the ranking, SmartAsset considered:
- The proportion of people with small business income
- The amount of business income they reported
- The amount of income tax they paid
Bucks County ranked tenth in the state, with an overall small business index of 35.87.
On a national scale, the county landed at 1,714th in terms of small business friendliness.
Bucks County’s focus on small business showed returns of 23.09 percent, the fourth-highest in the state and significantly above the Pennsylvania median of 18.58 percent.
It also has an average small business income of 10.21 percent, which is the second-highest in the state. The metric is well above the state average of 7.51 percent.
Concerning the taxes due on that income, in-county small business owners owe $10,919. That outlay is just slightly above the Pennsylvania average, $10,835.
Chester County ranked as the best place for small business owners.
Delaware and Montgomery counties also made the list, in fifth and fourteenth place, respectively.
Read more about the best places for small business in SmartAsset.