The Best and Worst States to Start a Business

10/3/2016
GOBankingRates.com
Starting a business is a daunting pursuit, and doing it successfully means you need an idea of how well your state caters to new businesses and startups. In other words: You need to understand your state's business ecosystem.
 
To find out which states are the best and worst to start a business, GOBankingRates.com looked at these critical factors that shape business ecosystems and how they affect aspiring entrepreneurs' chances of success:

  • Startup Activity (based on the rate of new entrepreneurs, opportunity share of new entrepreneurs and density of startups)
  • Business Survival Rates (based on the ratio of business creations to deaths)
  • Productivity (based on per capita GDP)
  • Availability of Employees
  • Education Level of Potential Employees
  • Business Tax Climates
  • Cost of Living
Ranking of the best states to start a business:
 
1. Wyoming
2. Alaska
3. Nevada
4. Texas
5. Delaware
6. Utah
7. Illinois
8. Missouri
9. Virginia
10. Florida
11. North Dakota
12. Connecticut
13. North Carolina
14. Oregon
15. Massachusetts
16. New Hampshire
17. Montana
18. Colorado
19. Washington
20. Rhode Island
21. Indiana
22. Nebraska
23. New Mexico
24. Iowa.
25. Oklahoma
26. South Dakota
27. California
28. New York
29. Arizona
30. Louisiana
31. Pennsylvania
32. Michigan
33. Kansas
34. Idaho
35. Mississippi
36. Ohio
37. Minnesota
38. Tennessee
39. New Jersey
40. Georgia
41. West Virginia
42. Alabama
43. Kentucky
44. South Carolina
45. Maryland
46. Wisconsin
47. Arkansas
48. Vermont
49. Maine
50. Hawaii 
 
 
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