"Location, location, location" counts in more than just residential real estate. Where you choose to set up a new business can make or break it.
More new businesses fail than succeed, according to the Kauffman Foundation. And U.S. Small Business Administration data shows it's only a matter of time before at least half of all businesses go under: Only about 50 percent survive five years.
Tax rates, real estate, hiring costs and financial strength were among the factors in the new CNBC Metro 20: America's Best Places to Start a Business ranking. In all, we reviewed 107 metro areas across the U.S. Some up-and-coming areas just missed making the top 20. Here are 10 business-friendly cities that entrepreneurs would be wise to keep on their radar.