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Education and Career

The Best (And The Worst) States For Starting A Business In 2018

Prof. Dr. Amarendra Bhushan DhirajProf. Dr. Amarendra Bhushan DhirajEducation and Career

If you are planning on starting a business, Hawaii, New Hampshire, and Rhode Island are pretty far down on the list of U.S. states to start one, according to a new study from WalletHub.

Texas came in at the top overall as the best state to start a business, the Lone Star State scored 64.4 overall, ranking in first place in the “Business Environment” Category. In the “Access To Necessary Resources” category Texas ranked 12th, and 16th in “Business Costs.” Utah took second place overall with 63.41 points. As a business environment, the state ranked third, it came in first in access to necessary resources, and 33rd in business costs.

The Aloha State, Hawaii came in last overall, with 37.16 out of a possible 100 points, placing 40tyh as a business environment, 50th for resources and 43rd for business costs.

The Best (And The Worst) States For Starting A Business In 2018:

Rank State Total Score Business Environment Rank Access to Resources Rank Business Costs Rank
1 Texas 64.40 1 12 16
2 Utah 63.41 3 1 33
3 Georgia 60.21 7 15 17
4 Montana 58.90 8 14 8
5 Oklahoma 58.67 11 25 1
6 Florida 58.09 5 21 25
7 North Dakota 57.94 4 20 31
8 California 57.61 2 6 47
9 Arizona 55.58 10 19 23
10 Colorado 55.43 6 24 32
11 Nevada 53.44 9 30 29
12 North Carolina 53.26 20 17 14
13 Washington 52.55 15 2 41
14 Idaho 52.19 14 46 7
15 Michigan 51.86 28 36 3
16 South Dakota 51.59 32 29 6
17 Wyoming 51.39 17 26 26
18 Louisiana 50.91 27 23 15
19 Massachusetts 50.84 16 5 44
20 Nebraska 50.61 26 32 10
21 Mississippi 50.47 44 28 2
22 Kentucky 49.67 38 42 5
23 Oregon 49.60 13 27 36
24 Missouri 49.54 24 33 20
25 South Carolina 49.49 31 39 13
26 Arkansas 49.47 37 35 11
27 Minnesota 49.29 21 10 39
28 Illinois 49.04 34 7 38
29 New Mexico 48.79 43 18 19
30 Tennessee 48.31 35 45 12
31 Maine 48.19 30 40 22
32 New York 48.02 18 3 49
33 Indiana 47.87 25 47 18
34 Virginia 47.63 19 31 34
35 Kansas 47.54 41 37 21
36 Alaska 47.26 12 16 48
37 Delaware 47.17 22 13 42
38 Ohio 46.63 39 43 24
39 Iowa 46.38 33 34 30
40 Wisconsin 46.17 36 44 28
41 Alabama 45.90 48 41 9
42 Maryland 45.85 29 8 45
43 Connecticut 45.05 42 4 46
44 New Jersey 44.00 23 9 50
45 West Virginia 43.60 50 38 4
46 Pennsylvania 42.81 47 22 37
47 Vermont 42.53 46 49 27
48 Rhode Island 41.88 49 11 35
49 New Hampshire 38.11 45 48 40
50 Hawaii 37.16 40 50 43
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CEOWORLD magazine - Latest - Education and Career - The Best (And The Worst) States For Starting A Business In 2018
Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj is a publishing executive and economist who is the CEO and editor-in-chief of The CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Additionally, he serves as the chair of the advisory board for the CEOWORLD magazine. He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He earned his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

Prof. Dr. Amarendra Bhushan Dhiraj is CEO and editor-in-chief of CEOWORLD magazine. You can follow him on LinkedIn, Facebook, Twitter.
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