Arizona Among 2018’s Best & Worst States To Start A Business

Arizona has landed among 2018’s Best & Worst States to Start a Business. According to WalletHub, a state that provides the ideal conditions for business creation — access to cash, skilled workers and affordable office space, for instance — can help new ventures not only take off but also thrive.

To determine the most fertile grounds for planting and growing new ventures, WalletHub compared the 50 U.S. states across 25 key indicators of startup success. The data set ranges from financing accessibility to availability of human capital to office-space affordability.

Starting a Business in Arizona (1=Best; 25=Avg.):

    • 11th – Avg. Growth in Number of Small Businesses
    • 21st – Labor Costs
    • 13th – Availability of Human Capital
    • 25th – Avg. Length of Work Week (in Hours)
    • 20th – Cost of Living

Best States to Start a Business

Overall Rank
(1=Best)
State Total Score ‘Business Environment’ Rank ‘Access to Resources’ Rank ‘Business Costs’ Rank
1 Texas 64.40 1 12 16
2 Utah 63.41 3 1 33
3 Georgia 60.21 7 15 17
4 Montana 58.90 8 14 8
5 Oklahoma 58.67 11 25 1
6 Florida 58.09 5 21 25
7 North Dakota 57.94 4 20 31
8 California 57.61 2 6 47
9 Arizona 55.58 10 19 23
10 Colorado 55.43 6 24 32
11 Nevada 53.44 9 30 29
12 North Carolina 53.26 20 17 14
13 Washington 52.55 15 2 41
14 Idaho 52.19 14 46 7
15 Michigan 51.86 28 36 3
16 South Dakota 51.59 32 29 6
17 Wyoming 51.39 17 26 26
18 Louisiana 50.91 27 23 15
19 Massachusetts 50.84 16 5 44
20 Nebraska 50.61 26 32 10
21 Mississippi 50.47 44 28 2
22 Kentucky 49.67 38 42 5
23 Oregon 49.60 13 27 36
24 Missouri 49.54 24 33 20
25 South Carolina 49.49 31 39 13
26 Arkansas 49.47 37 35 11
27 Minnesota 49.29 21 10 39
28 Illinois 49.04 34 7 38
29 New Mexico 48.79 43 18 19
30 Tennessee 48.31 35 45 12
31 Maine 48.19 30 40 22
32 New York 48.02 18 3 49
33 Indiana 47.87 25 47 18
34 Virginia 47.63 19 31 34
35 Kansas 47.54 41 37 21
36 Alaska 47.26 12 16 48
37 Delaware 47.17 22 13 42
38 Ohio 46.63 39 43 24
39 Iowa 46.38 33 34 30
40 Wisconsin 46.17 36 44 28
41 Alabama 45.90 48 41 9
42 Maryland 45.85 29 8 45
43 Connecticut 45.05 42 4 46
44 New Jersey 44.00 23 9 50
45 West Virginia 43.60 50 38 4
46 Pennsylvania 42.81 47 22 37
47 Vermont 42.53 46 49 27
48 Rhode Island 41.88 49 11 35
49 New Hampshire 38.11 45 48 40
50 Hawaii 37.16 40 50 43

 

1 Comment on "Arizona Among 2018’s Best & Worst States To Start A Business"

  1. interesting the more Democrat the state, the further down the list the state is… hmmmmm

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