Stats Gate

The 20 Best And Worst States In America To Start A Business, 2019

Houston, Texas

As it turns out, Texas is the best state in America to start your own business, and Rhode Island is the worst, according to a new study. The top five states in America to start a business were Texas, Utah, Georgia, North Dakota, and Oklahoma. Florida, Arizona, California, Montana, and Colorado rounded up the top 10 best U.S. states to start a business, in 2019.

Comparing all 50 U.S. states in terms of average growth in the number of small businesses, office-space affordability, cost of living, labor costs, personal finance site WalletHub set out to find why states in America were more nurturing environments for small businesses.

The bottom five were Rhode Island, New Jersey, New Hampshire, Hawaii, and Connecticut. It’s true what they say– location is everything.

The 20 best states in America to start a new business, 2019

  1. Texas
  2. Utah
  3. Georgia
  4. North Dakota
  5. Oklahoma
  6. Florida
  7. Arizona
  8. California
  9. Montana
  10. Colorado
  11. Idaho
  12. Washington
  13. Mississippi
  14. North Carolina
  15. Louisiana
  16. Kansas
  17. Minnesota
  18. Michigan
  19. Nebraska
  20. Tennessee

The 10 best states in America to start a new business, 2019

The 20 worst states in America to start a new business, 2019

  1. Rhode Island
  2. New Jersey
  3. New Hampshire
  4. Hawaii
  5. Connecticut
  6. Pennsylvania
  7. Delaware
  8. Vermont
  9. New York
  10. West Virginia
  11. Maryland
  12. Virginia
  13. South Carolina
  14. Iowa
  15. Massachusetts
  16. Illinois
  17. Ohio
  18. Wyoming
  19. Missouri
  20. Arkansas

The 20 worst states in America to start a new business, 2019

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Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

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He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received 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. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

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