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A new study finds a record number of small business are opening and New Mexico is the No. 27 best state to start a small business.
A record 10 million have opened in the last two years with annual revenue reaching $13.3 trillion according to the Small Business Administration. However, only 48.9% will survive five years as owners battle inflation, recession fears and colossal shifts in how Americans work and live. In the rapidly changing landscape, some states have emerged as prime locations for entrepreneurs.
Lendio today released a study on the Best States to Start a Small Business using the most recent data from the Bureau of Labor Statistics, Census Bureau, and Small Business Administration from 2016-2023.
The rankings were determined by analyzing myriad factors including tax rates, startup survival rates, cost of living, educated worker migration, loans, funding, consumer spending, and incentive programs.
Key findings in Nevada show 50.4% of small businesses survive five years, there are 53 incentive programs, corporate tax rates are 5.9%, companies received $5.9 million in loans per 100,000 residents, and 10,246 educated workers moved into the state.
The 10 best states to start a small business in 2023:
1) Texas
Complete state-by-state and national breakdowns are available in the complete study.
i would make a polite suggestion; please describe the guys working on the store fronts as facade crews.
the term facade squad makes me think of another group of masked federal agents dispatched to do the trump regimes' dirty work.
Thundery outbreaks in nearby, with a high of 93 and low of 64 degrees. Thundery outbreaks in nearby in the morning, clear overnight.
I'm calling on the Secretary of Agriculture to change the official designation of the Lincoln from National Forest, to National Ashtray.
It's designation should be more in line with it's actual use.
does this mean that you don't have a personal relationship with brooke rollins? saying that, has pam bondi ever gotten back in touch with you regarding the source of funding for all those nasty protests against dear leader's royal inclinations? couple weeks back, you told us that news was going to break immedia
After looking at New Mexico election law, a person may run as a candidate for office in the primary of the party they are registered with, without first seeking that party's approval.
this is just another echo of the fight to recognize the health risks of exposure to agent orange in the decades after the vietnam war.
Laymans translation, Mr. Sharp is having some problems proving his clients contracted cancer from PFAS.
Notice he's not crying about coverage for known cancer causing agents, but PRESUMED cancer causing agents. That's because to date, there is no known PROOF of any adverse health effects from PFAS.
there's neighbor john, right on schedule. he has already declared his willingness for other folks to be exposed to well established risks in environmental situations - just as long as he can't see them from where he lives.
So, Miyagishima is going after Republican and Independent voters instead of the Democrat base in a blue state who's election laws are heavily biased towards Democrats. Tells you something about the state of the Democrat Party.