Business QR code generator Qrfy.com analyzed public data from the U.S. Census Bureau to find the percentage of registered businesses with fewer than five employees for each state throughout 2021. Kentucky ranked No. 45 with 50.9% of all businesses being classified as small. It had 92,130 total establishments and nearly 47,000 with fewer than five employees. Indiana came in at No. 47 with 50.8% of businesses classified as small. These results were then ranked to determine which states had the highest percentage of small businesses compared to every other registered business. “It is interesting to see the extent to which smaller businesses contribute to the overall number of businesses in each state, especially when they are competing with far larger companies in the same industries," said Marc Porcar, CEO of Qrfy.com, in a release. "These figures are also from the end of the Covid-19 lockdown period."