---
title: Virginia Among Top 5 States for Small Business Growth
description: Virginia ranks top 5 in small business growth. Learn about regional trends and financial insights for SaaS entrepreneurs in our latest update.
---

[News and Insights ](https://www.onedegreecapital.com/blog)

# [Virginia Among Top 5 States for Small Business Growth](https://www.onedegreecapital.com/blog/small-business-news/saas-growth)

 Written by [One Degree Financial](https://www.onedegreecapital.com/blog/author/one-degree-capital) | Nov 15, 2016 5:18:54 PM

Nearly 95 percent of employers in the US are classified as small businesses, making the Small Business Jobs Index an important economic indicator for our nation. Changes to how businesses are hiring (or not hiring) can be an early signal of strengths or weaknesses to our national economy.

<https://www.onedegreecapital.com/hubfs/Imported_Blog_Media/Performance-by-State.jpg>

Source: Paychex | IHS Small Business Jobs Index

#### Highlights for October 2016:

**BEST REGIONS: SOUTHERN ATLANTIC, EAST SOUTH CENTRAL**  
Both the Southern Atlantic (which includes Virginia, the Carolinas, Georgia, Florida and Maryland) and East South Central (Alabama, Mississippi, Kentucky and Tennessee) showed the strongest growth.

**TOP 5 GROWTH STATES**  
Washington showed the most growth by a wide margin, followed by Georgia, North Carolina, Virginia and Florida

**TOP 5 METRO AREAS**  
Seattle, Atlanta, Dallas, Washington and Baltimore made the top 5 metro areas of the index.

**WORST PERFORMING INDUSTRIES**  
The best performing industry of the Index was Leisure/Hospitality (+0.63%) while Manufacturing showed the worst performance (-1.41%).

 

[View full post](https://www.onedegreecapital.com/blog/small-business-news/saas-growth)

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