With new corporate tax reform recently signed into law, the personal-finance website WalletHub today released its report on 2018’s Best & Worst States to Start a Business.

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 the availability of human capital to office-space affordability.

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

  • 42nd – Avg. Growth in Number of Small Businesses
  • 27th – Office-Space Affordability
  • 32nd – Labor Costs
  • 48th – Avg. Length of Work Week (in Hours)
  • 42nd – Cost of Living
  • 32nd – Industry Variety

In the report, Texas was overall ranked at 1st and Hawaii was ranked at 50th.

 

Source: WalletHub

For the full report, visit: https://wallethub.com/edu/best-states-to-start-a-business/36934/

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Ryan Belmore has been the Owner & Publisher of What's Up Newp since 2012. He also currently works for Mountain News, where he serves as Senior Editor - North America for OnTheSnow. He previously worked for the New England Patriots and American Cancer Society. He currently serves as Vice President of Fort Adams Trust and is a member of Local Independent Online News (LION) Publishers and North American Snowsports Journalists Association (NASJA).