Best U.S. States for Business
Texas wins the spot as the Best State for Business. Why? It's affordable, there's no State Income Tax, extremely low Corporate Taxes, friendly regulators, and an affordable cost of living.
The reason why Arizona ranked even higher than Nevada is that it has more booming cities. Tucson and Phoenix are fast growing cities. And there's a lot of booming suburbs too.
The reason why Nevada ranks so high is because of it's effort to bring Corporate Headquarters into the state, it's growing population, it's very affordable, and there's no State Income Tax. However, there is a state like Nevada that ranks even higher.
The reason why Florida ranks so high is because it has cities with Large Migrations and it's also a really great place to start a business. Orlando and Miami were ranked super high on starting a business, Tampa has a really diverse economy but the wages still aren't the best there, there's no State Income Tax, but overall Florida isn't the best place for Millennials.
Idaho is like Utah, except it has been growing super fast in the past year. It's also somewhat affordable, booming economy, small business thrives here, basically the same things as Utah. But there are four states that are even better than Idaho.
Colorado is one of the fastest growing states with a big Millennial Migration like Washington. And the economy is sizzling hot. There is a lot of jobs in a lot of industries. However, it is expensive to live here.
Another one of the fastest growing states is the state of Utah. It's somewhat affordable compared to the other states on this list, booming economy, etc. But there is a state that is even better than Utah.
Another state with a booming economy that is pretty affordable. Many Fortune 500 Companies call the Minneapolis-Saint Paul Metropolitan Area home. However, Income Taxes are pretty high here.
As a state with no Corporate Income Taxes on goods and services provided by companies, Delaware is a great choice if you're starting your business. In fact, there are more companies than people in the state! However, Delaware and some of the surrounding states have high Outbound Migration Moves.
small business owner's paradise. low taxes, affordable property, very low crime. cities like sioux falls and rapid city are not what you might think - great opportunities here
Washington is a state that is popular among Millennials, and is home to Tech Giants like Microsoft. The state also has no Income Tax or Corporation Tax. However, there was a loss of jobs as the state increased the Minimum Wage. And the state can be pretty unaffordable.