Best and Worst States to Start a Business in 2018

In the wake of the new tax reform bill being signed into law, Wallet Hub, the personal finance website, released a report: “2018’s Best & Worst States to Start a Business”.  WalletHub compared the 50 U.S. states across 25 key indicators of startup success. The dataset ranges from financing accessibility to the availability of human capital to office-space affordability.

For access to the full report click here.

Missouri landed right in the middle, ranking number 24 out of 50. Our neighboring states of Illinois and Kansas came in at number 28 and 35, respectively.

5 Best States to Start a Business:

  1. Texas
  2. Utah
  3. Georgia
  4. Montana
  5. Oklahoma

5 Worst States to Start a Business in 2018:

  1. Hawaii
  2. New Hampshire
  3. Rhode Island
  4. Vermont
  5. Pennsylvania

As a state, MO is right in the middle,  but in another study done by WalletHub, “Best Cities to Start a Business”, it is reported that three cities in MO are above average in the best cities to start a business. Springfield, MO ranked number 16 out of 182; St. Louis, MO came in at number 23 on the list; and Kansas City, MO ranked 30th!

For a closer look at this report click here.

 

About the author

Joe Clote

Joseph W. Clote is owner of Publishing Concepts, LLC a communications and marketing firm based in Saint Louis, Missouri. Mr. Clote is Group Publisher of MeetMed™ and Missouri Meetings & Events™ (MM&E) magazine, a quarterly publication read by thousands of meeting and event professionals, and producer of the St. Louis and Kansas City trade shows under the MM&E name. Mr. Clote has extensive sales and marketing expertise in the travel, tourism, fine art, insurance, and software development industries.