10 best, worst states to start a business

Florida is the best state to open a new business while Rhode Island is the worst, according to WalletHub.

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

  1. Florida — 59.66
  2. Georgia — 58.62
  3. Utah — 57.84
  4. Texas — 56.28
  5. Idaho — 56.02
  6. Oklahoma — 55.17
  7. Nevada — 54.03
  8. Colorado — 53.98
  9. Arizona — 53.46
  10. Kentucky — 53.36

 

Worst

  1. Rhode Island — 33.51
  2. Connecticut — 34.63
  3. New Jersey — 37.36
  4. Alaska — 38.37
  5. Maryland — 38.93
  6. New Hampshire — 39.02
  7. Hawaii — 39.20
  8. Pennsylvania — 39.29
  9. Vermont — 39.91
  10. West Virginia — 40.43

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