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

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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)
StateTotal Score‘Business Environment’ Rank‘Access to Resources’ Rank‘Business Costs’ Rank
1Texas64.4011216
2Utah63.413133
3Georgia60.2171517
4Montana58.908148
5Oklahoma58.6711251
6Florida58.0952125
7North Dakota57.9442031
8California57.612647
9Arizona55.58101923
10Colorado55.4362432
11Nevada53.4493029
12North Carolina53.26201714
13Washington52.5515241
14Idaho52.1914467
15Michigan51.8628363
16South Dakota51.5932296
17Wyoming51.39172626
18Louisiana50.91272315
19Massachusetts50.8416544
20Nebraska50.61263210
21Mississippi50.4744282
22Kentucky49.6738425
23Oregon49.60132736
24Missouri49.54243320
25South Carolina49.49313913
26Arkansas49.47373511
27Minnesota49.29211039
28Illinois49.0434738
29New Mexico48.79431819
30Tennessee48.31354512
31Maine48.19304022
32New York48.0218349
33Indiana47.87254718
34Virginia47.63193134
35Kansas47.54413721
36Alaska47.26121648
37Delaware47.17221342
38Ohio46.63394324
39Iowa46.38333430
40Wisconsin46.17364428
41Alabama45.9048419
42Maryland45.8529845
43Connecticut45.0542446
44New Jersey44.0023950
45West Virginia43.6050384
46Pennsylvania42.81472237
47Vermont42.53464927
48Rhode Island41.88491135
49New Hampshire38.11454840
50Hawaii37.16405043

 

1 Comment

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

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