These are the 10 worst states in America to start a business in 2020

Mildred Europa Taylor Dec 6, 2019 at 09:30am

December 06, 2019 at 09:30 am | Money Moves

Mildred Europa Taylor

Mildred Europa Taylor | Head of Content

December 06, 2019 at 09:30 am | Money Moves

Connecticut
Photo: Sean Pavone/Shutterstock.com

Connecticut

Like a couple of New England states, Connecticut’s working-age population has declined over the last five years, the report says.

“The cost of living remains above the national average and labor is expensive for businesses. Real labor compensation cost for businesses in Rhode Island is $43.68, making it one of the costliest states in terms of labor. 

What’s more is Connecticut’s five-year new firm survival rate is the worst in the study. Of businesses established in March 2014, only 44.3 percent remain in business as of March 2019. To make matters more frustrating, Connecticut ranks the worst in terms of business property taxes out of all 50 states.”

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