In a recent ranking, Florida was ranked the #2 state in the country for starting a business (second only to Utah), and #1 for its business environment. WalletHub compared the 50 states across three key dimensions:
- Business Environment
- Access to Resources
- Business Costs
The site noted that, “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.”
“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.”
WalletHub measured the business environment in terms of factors like startups per capita, growth of average business revenues, five-year business survival rate, the entrepreneur index, the share of fast-growing firms, and job and GDP growth, to name a few.
Last year, Tampa Bay was named the #4 cutting-edge area for startups.
For the complete story on the best states for startups, visit “2023’s Best & Worst States to Start a Business.”
