Fascinating data from PayPal which ranks small and medium business (SMB) growth by the year-over-year growth in total payment volume (TPV). All regions of the country are represented in the data, but what truly stands out are the number of cities from the Midwest and Great Plains. Of the Top 20, nine are from one of these two regions. It is also interesting to note that Indianapolis market is the only place listed that has a metropolitan population over one million. Here are the Top 20 markets in the United States for small-medium business growth for 2015:
- Fargo-Valley City, North Dakota
- Lafayette-West Lafayette, Indiana
- Odessa-Midland, Texas
- Traverse City-Cadillac, Michigan
- Jackson, Mississippi
- Watertown, New York
- Beaumont-Port Arthur, Texas
- Casper-Riverton, Wyoming
- Charlottesville, Virginia
- North Platte, Nebraska
- Lafayette, Louisiana
- Sioux Falls-Mitchell, South Dakota
- Juneau, Alaska
- Bowling Green, Kentucky
- Quad Cities, Iowa-Illinois
- Indianapolis, Indiana
- Beckley-Bluefield-Oak Hill, West Virginia
- Jonesboro, Arkansas
- Rapid City, South Dakota
- Eugene, Oregon
Sources: https://www.paypal.com/stories/us/the-great-ecommerce-boom-comes-to-the-midwest via http://www.traverseticker.com/