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Aug 20

Southaven Named #10 Best City in the Nation to Start a Restaurant

Posted on August 20, 2015 at 3:44 PM by Darren Musselwhite

Our City was named the 10th best city in the nation to start a restaurant in a recent publication by the NerdWallet organization, which is a U.S. consumer information company.

In NerdWallet's analysis, they examined 530 cities in the U.S., each with a population of at least 50,000.  They used U.S. Census Bureau data to calculate the score for each location based on demand for new restaurants and local economic conditions that could affect the success of those restaurants.  In analyzing demand, they looked at population growth and density, median annual income and income growth, restaurant sales per resident, and the number of new eateries.  In analyzing economic conditions, they looked at payroll costs, growth in labor, and median monthly housing costs.

Specifically with Southaven, our positive score was also heavily influenced by our economic growth, and more specifically, commercial and residential construction since the recession, as well as our growing retail scene with the new Tanger Outlets development and expansions at the existing Towne Center mall.  The new shoppers are expected to add to an already strong culinary scene that brings in over $105 million in sales annually.

Please access the entire article with the following link: