South Florida small business: No. 10 in U.S. among metro areas

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Nearly one out of every 10 adults owns a business in South Florida — the highest rate among metro areas in the United States. But just 45 percent of the region’s small businesses survive at least five years.

Because of those findings and others, the Miami-Fort Lauderdale metropolitan area ranked 10th in the nation for small business activity in a report released Thursday by the Kauffman Foundation.

Nationally, small business activity is on the rise in 47 of 50 states, including Florida, and in 38 of the top 40 largest metropolitan areas this year, according to the 2016 Kauffman Index: Main Street Entrepreneurship. The Kauffman Foundation, a national nonprofit, researches and supports entrepreneurship.

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