The Top 10 Best and Worst States for Small Businesses
Here is a list of the best and worst states for conducting a small business according to factors that include change in real GDP and state income tax.
Top 10 Best States:
1. Texas
2. Oklahoma
3. Louisiana
4. Alabama
5. Georgia
6. Virginia
7. Nebraska
8. Utah
9. Idaho
10. New Hampshire
Top 10 Worst States:
1. California
2. Illinois
3. Michigan
4. New York
5. Vermont
6. Rhode Island
7. Massachusetts
8. Connecticut
9. New Jersey
10. Hawaii
Change in Real GDP
Top 5 Best States:
1. 3.3% Texas
2. 2.0% Utah
3. 1.7% Georgia
4. 1.5% New Hampshire
5. 1.0% Oklahoma
Top 5 Worst States:
1. -0.5% New Jersey
2. -0.2% Hawaii
3. 0.5% Vermont
4. 0.8% Rhode Island
5. 1.1% New York
State Income Tax
Top 5 Best States:
1. 0.0% Texas
2. 5.0% Utah
3. 5.0% New Hampshire
4. 5.0% Alabama
5. 5.5% Oklahoma
Top 5 Worst States:
1. 11.0% Hawaii
2. 10.55% California
3. 9.9% Rhode Island
4. 8.97% New Jersey
5. 8.97% New York
