In a time of great economic turmoil, it is more important than ever to have access to reliable information to help guide business decisions. Starting a business is a significant challenge that requires extensive planning and research to ensure success. Choosing the right state is crucial to its success, and WalletHub conducted a study to determine the best and worst states to start a business in the US, evaluating each state across three dimensions: Business Environment, Access to Resources, and Business Costs, using 27 relevant metrics. Given the current economic conditions, with a global pandemic, inflation, and labor shortages, starting a new business is an even greater challenge. Knowing which states provide the most fertile ground for business creation can help new ventures not only take off but also thrive. The top five states to start a business, in order, are Utah, Florida, Texas, Colorado, and Idaho.
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