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

Rhode Island
Photo: JJM Photography/Shutterstock.com

Rhode Island

It ranks as the worst state to start a business. According to Seek Capital, “its rate of new entrepreneurs, defined by the Kauffman Indicators of Entrepreneurship as the percentage of the population that starts a new business, is the lowest in the study at just 0.12 percent.”

“Rhode Island’s 10-year establishments’ growth rate is in the negatives. Also, its one-year startup survival rate of 74.3 percent and the five-year survival rate of 47.4 percent both rank among the worst in the study. With a declining working-age population to boot, Rhode Island is not ideal for starting a new business.”

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