Idaho
Ranked seventh, Idaho’s working-age population has grown by an impressive 7.2 percent in five years, according to the study. “Startups in Idaho on average create 6.10 jobs per company, among the best rates in this study. Idaho also has a higher rate of new entrepreneurs than the national average, with 0.38 percent of the state population starting a business. A major boon for business is the low cost of employees. Real labor compensation cost for employers is $32.21 per hour, one of the cheapest rates in the study. Additionally, entrepreneurs in Idaho are able to get their companies off the ground for relatively cheap, with 17.1 percent of businesses started with less than $5,000.”
