Massachusetts is the best state in the U.S. to get a startup off the ground, with an average of $2.5 million provided to each company to commence operations, according to an analysis by Zippia, a career search and employment services company.
To determine which states were best to launch a startup, Zippia established an index using data from PricewaterhouseCoopers' Q2 2018 MoneyTree Report and The Kauffman Index.
States were ranked based on their Kauffman Index, overall deals for startups, deals for startups per capita, and the per capita funding amount for startups.
Here are the 10 best states for launching a startup, according to the analysis:
1. Massachusetts
2. California
3. Colorado
4. Washington
5. New York
6. Utah
7. Virginia
8. Maryland
9. Oregon
10. Texas
Here are the 10 worst states for launching a startup:
1. Iowa
2. Arkansas
3. Idaho
4. Vermont
5. Kansas
6. Alabama
7. Missouri
8. Hawaii
9. Kentucky
10. Delaware
More information about Zippia's methodology is available here.
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