These are America’s top 10 best states for entrepreneurs in 2020

North Carolina

“North Carolina is impressive in terms of its venture capital numbers. In 2018, $2.62 billion in venture capital funding was dealt out to 173 companies, equal to a little over $15.1 million per company. North Carolina’s startup early survival rate is better-than-average, with 81.2 percent of startups surviving their first year,” the study wrote.

“As the No. 14 best state to start a business, North Carolina shines most with its corporate tax. Ranked third-best in this category, North Carolina has a relatively low flat tax on corporate incomes. Economic prospects look good as well, with the working-age population rising by 4 percent over the last five years. The percentage of new entrepreneurs in North Carolina who created a business by choice instead of necessity is 90.35 percent, an impressive figure higher than the national average 86.16 percent.”