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Yelp unveils new Local Economic Outlook tool

Yelp Inc. unveiled a new data initiative, called the Yelp Local Economic Outlook, to rank cities, neighborhoods, and business categories for economic opportunity in America.

The Outlook comprises a list of 50 cities in the U.S. ranked by where businesses have the best chance of success, along with the top 50 neighborhoods and 10 business categories, the company said Oct. 17.

Yelp's data editor and data science team developed the Yelp Local Economic Outlook with rankings based on data modeling at the business level.