The personal finance website compared the states in three dimensions: business environment, access to resources and business costs. Each dimension used 25 relevant metrics that were graded on a 100-point scale, with 100 representing the most favorable conditions for a new business. Read more about the methodology here.
Here are the 10 best and worst states to start a business along with their respective scores:
Best
- Florida — 59.66
- Georgia — 58.62
- Utah — 57.84
- Texas — 56.28
- Idaho — 56.02
- Oklahoma — 55.17
- Nevada — 54.03
- Colorado — 53.98
- Arizona — 53.46
- Kentucky — 53.36
Worst
- Rhode Island — 33.51
- Connecticut — 34.63
- New Jersey — 37.36
- Alaska — 38.37
- Maryland — 38.93
- New Hampshire — 39.02
- Hawaii — 39.20
- Pennsylvania — 39.29
- Vermont — 39.91
- West Virginia — 40.43
