WalletHub compared the 50 U.S. states across 25 key indicators of startup success. The data set ranges from financing accessibility to labor costs to office-space affordability.
| Best States to Start a Business | Worst States to Start a Business | |
| 1. Florida | 41. West Virginia | |
| 2. Georgia | 42. Vermont | |
| 3. Utah | 43. Pennsylvania | |
| 4. Texas | 44. Hawaii | |
| 5. Idaho | 45. New Hampshire | |
| 6. Oklahoma | 46. Maryland | |
| 7. Nevada | 47. Alaska | |
| 8. Colorado | 48. New Jersey | |
| 9. Arizona | 49. Connecticut | |
| 10. Kentucky | 50. Rhode Island |
Best vs. Worst
- Iowa has the cheapest average annual rent for office space – 2.2 times cheaper than in New York, where it is most expensive.
- Mississippi has the lowest labor costs (median annual income) – 1.9 times lower than in Maryland, which has the highest.
- Massachusetts has the highest share of the population with a college education two times higher than in West Virginia, which has the lowest.
- Wyoming has the most startups per 100,000 residents – 3.7 times more than in West Virginia, which has the fewest.
No comments:
Post a Comment