Ranked: The Best States To Start a Business In 2024

Posted under: AI technologies
Date: 2024-01-04
Ranked: The Best States To Start a Business In 2024

Forbes Advisor's analysis of the best states to start a business in 2024 considers 18 key metrics across five categories, including factors crucial for business success such as business costs, climate, economy, workforce, and financial accessibility. North Dakota is ranked as the overall best state to start a business in 2024, with a strong business climate, low entry costs, and robust funding opportunities. Vermont ranks at the bottom due to high startup costs and potential obstacles for startups. Business survival rates vary across states, with California leading at 81.5% and Washington struggling at 59.2%. Kentucky offers budget-friendly registration, while Massachusetts demands $500 due to its educated workforce. North Dakota, Indiana, Arkansas, South Dakota, and North Carolina are top five states for starting a business in 2024 due to low fees, low cost of living, and funding availability.

Read more at: www.forbes.com