To identify the best and worst states to start a business, WalletHub analysts compared the 50 states on 26 metrics that fell into one of the following three categories: business environment, access to resources and business costs. The metrics range from financing accessibility to five-year business survival rate. Each measure was graded on a 100-point scale, with 100 representing the most favorable conditions for new business creation. Access additional information on the metrics used for the analysis here.
Here are the five best states to start a business based on the analysis:
1. Texas
2. Utah
3. Georgia
4. North Dakota
5. Oklahoma
Here are the five worst states to start a business based on the analysis:
1. Rhode Island
2. New Jersey
3. New Hampshire
4. Hawaii
5. Connecticut
More articles on rankings and ratings:
13 top states for children’s health
20 healthcare CEOs with best employee reviews on Glassdoor
10 best children’s hospitals, ranked by US News
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