In a recent study by WalletHub, Birmingham ranked as #31 among the 150 most populous cities in terms of the best place to launch a business. In addition to Birmingham, 3 Alabama cities made the list. Specifically, Mobile (No. 22), Montgomery (No. 23), Huntsville (No. 25) and Birmingham (No. 31) were the only Alabama cities featured in the ranking. Now is the time to open a business in Birmingham! The criteria that was examined to select the best places to harbor a growing business? 14 metrics, including access to financing, cost of office space, corporate taxes, labor pool availability, cost of living, average annual salary, length of an average workday and education. The website also considered an area’s entrepreneurial activity, five-year survival rate, number of businesses per capita, real estate affordability, industry variety and small business friendliness.

WalletHub’s list of the top 10 best overall cities for entrepreneurs is:

1. Jacksonville, Fla.

2. Fayetteville, N.C.

3. Augusta, Ga.

4. Jackson, Miss.

5. Memphis, Tenn.

6. New Orleans

7. Tulsa, Okla.

8. Columbus, Ga.

9. Cape Coral, Fla.

10. Las Vegas