Wonderful news if you’re an entrepreneur. North Carolina is one of the best states to start a business. Let’s face it, starting a business will never be considered easy. And there will always be a percentage that doesn’t become successful. The risk can absolutely be worth the reward. You just want to make sure that you do everything you can to set your business up for success. These past few years have made just sustaining a business difficult, and starting one even more stressful. Hopefully, things are on a more positive trend now. Not counting the current difficult economic conditions a “bad location” is one of the most common reasons business ventures fail. So choosing the right location, including the state for your business is crucial to its success.
What makes a state an ideal place to invest in a new company? You’ll want to have access to cash, skilled workers, and affordable office space to give your idea the best chance to thrive. So to help you make the right, oh-so-important decision, our friends at WalletHub conducted this study on the best places to start a business.
In this study, WalletHub compared the 50 states across 27 key indicators of startup success to determine the most fertile grounds in which to launch and grow an enterprise. And North Carolina was one of the best states to start a business in. This is thanks to high rankings in the business environment our state provides. South Carolina was also in the top percentage not too far behind NC. Keep reading to see the top 16 (you’ll understand why we chose that metric) states to start a business in. You can read the full study here.
So get to brainstorming and adding to your local economy. Small businesses bring so much to the area, so we’d love to see you succeed!
16. South Carolina
Total Score: 49.99
Business Environment: 18
Access to Resources: 35
Business Costs: 17
15. Washington
Total Score: 50.60
Business Environment: 13
Access to Resources: 3
Business Costs: 41
14. Kentucky
Louisville, Kentucky, USA skyline on the river.
Total Score: 50.68
Business Environment: 24
Access to Resources: 36
Business Costs: 4
13. Maine
Portland, Maine, USA coastal townscape on Portland Harbor.
Total Score: 51.73
Business Environment: 10
Access to Resources: 41
Business Costs: 18
12. Montana
Total Score: 52.86
Business Environment:15
Access to Resources: 28
Business Costs: 7
11. North Carolina
Total Score: 52.90
Business Environment: 11
Access to Resources: 17
Business Costs: 20
10. California
Total Score: 52.97
Business Environment: 2
Access to Resources: 2
Business Costs: 49
9. Oklahoma
Total Score: 53.12
Business Environment:28
Access to Resources: 19
Business Costs: 1
8. Nevada
Total Score: 53.54
Business Environment: 12
Access to Resources: 11
Business Costs: 26
7. Arizona
Total Score: 53.79
Business Environment: 6
Access to Resources: 22
Business Costs: 30
6. Georgia
State sign for Georgia welcomes visitors in a shaded rest area
Total Score: 55.37
Business Environment: 5
Access to Resources: 26
Business Costs: 19
5. Idaho
Total Score: 55.88
Business Environment: 9
Access to Resources: 21
Business Costs: 10
4. Colorado
Total Score: 56.14
Business Environment: 4
Access to Resources: 7
Business Costs: 35
3. Texas
Total Score: 56.85
Business Environment: 3
Access to Resources: 12
Business Costs: 31
2. Florida
Total Score: 59.21
Business Environment: 1
Access to Resources: 14
Business Costs: 24
1. Utah
Total Score: 59.91
Business Environment: 7
Access to Resources: 1
Business Costs: 32
