With the stock market booming, the personal-finance website WalletHub today released its report on 2019’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 26 key indicators of startup success. The data set ranges from financing accessibility to availability of human capital to office-space affordability.

While Texas came in as the overall best state to start a business, Rhode Island came in at 50th.

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

  • 42nd – Avg. Growth in Number of Small Businesses
  • 27th – Office-Space Affordability
  • 33rd – Labor Costs
  • 31st – Availability of Human Capital
  • 48th – Avg. Length of Work Week (in Hours)
  • 40th – Cost of Living
  • 32nd – Industry Variety
Source: WalletHub

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

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Ryan Belmore is the Owner & Publisher of What's Up Newp, LLC. Belmore has led What's Up Newp since December 2012. Belmore also serves as the Sr. Editor - North America for Mountain News - publisher of OnTheSnow. In his spare time, Belmore serves as the Vice President for the Board of Directors at Fort Adams Trust and serves on the Board of Directors at Lucy's Hearth. Belmore is also a member and supporter of Local Independent Online News (LION) Publishers. Send questions, tips, and story ideas to Ryan@whatsupnewp.com.