Experian has released an update to the Business Information Map for Q2 2014. Top performing metropolitan areas in Business Risk Score include Portland, Oregon, Pittsburgh, Pennsylvania and Grand Rapids, Michigan each with risk scores well above national average of 61.43 in Q2.
Looking at the data year over year, Portland has made great progress reducing the small business bankruptcy rate by almost 12% with a slight uptick in delinquency. Pittsburgh has reduced their delinquency rate by 34%, and bankruptcy by just over 13%.
In Florida, while Miami, Ft Lauderdale and Orlando have seen a modest improvement over Q1, these metros still have risk scores well below the national average, and Memphis, Tennessee had the worst risk scores in the real estate segment for Q2.
Looking at the bottom performance metros year over year we can see some encouraging trends. Memphis real estate has actually reduced overall delinquency rates by roughly 15% and the days beyond terms by just over 18%. Fort Lauderdale is the 3rd most improved metro area year over year improving risk scores by roughly 6% and delinquency by almost 7%.
Share these Haiku Decks with your friends and associates and be sure to check out the Business Information Map to see if your city is a top performer.
Top Performing Metro Areas for Business Credit
Top 5 Metro Areas for #Business #Credit - Created with Haiku Deck, presentation software that inspires
Bottom Performing Areas for Business Credit
Bottom 5 Metro Areas for #Business #Credit - Created with Haiku Deck, presentation software that inspires
To find out if your city is a top performer - explore the Business Information Map at experian.com/ibim.