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

Maryland
Photo: Jon Bilous/Shutterstock.com

Maryland

The prospects for starting a business in Maryland are not great. The state ranks among the 10 worst states in terms of business tax climate, the report says. “What’s more, a much lower rate of new entrepreneurs began their business due to opportunity versus necessity. 

“On the plus side, venture capital money flows heavily in Maryland. In 2018, 131 companies were funded a total of $1.37 billion, just under $10.5 million per company, by venture capital deals. Unfortunately, only 48.7 percent of businesses formed five years ago remain in operation today.”

Most viewed

Conversations

Must Read