West Michigan is looking like a really great place to start a new business!

Last month Holland was named the No. 1 small city in the U.S. to start a business; Now out of 150 large cities, Wallethub has ranked Grand Rapids the No. 2 place to start a business in 2016, Fox 17 reports.

The personal finance website compared the cities across three key areas: Business environment, access to resources, and business costs.

Wallethub looked at 16 different metrics like office-space affordability, educational attainment of the local labor force, financing accessibility, and cost of living.

The only other Michigan city to make the list was Detroit, coming in at No. 56.

Sioux Falls, South Dakota took the No. 1 spot overall.

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