The personal, finance website released its"2023's Best and Worst States to Start a Business" study where researchers compared all 50 states across 27 key indicators of startup success, among them financing accessibility, a skilled workforce and office-space affordability.
Gonzalez also notes that the state benefits from easy access to human capital, such as higher education assets, and a growth rate of nearly 7% in the working-age population. Overall, Florida also ranks fourth in the country in terms of average growth in the number of small businesses. "The states that are best for starting a business typically have a better existing business environment, easily accessible resources and lower costs,” she added. “The states ranked at the top have a higher growth rate in the number of small businesses, more industry cluster strength, more fast growing firms, are more digital and have a higher GDP growth rate.