According to the report, “the recent tariff policies of the Trump administration have negatively impacted businesses in Alabama, mainly because the state is a hub of manufacturing. Alabama also isn’t too conducive to starting a business.
“The rate of new entrepreneurs in Alabama is far lower than the national rate, 0.21 percent versus 0.32 percent, respectively. This doesn’t bode well for entrepreneurs evaluating the state, and neither does its record of few venture capital-funded companies and low amounts dished out. One factor that’s reassuring is Alabama’s five-year business survival rate, 52.1 percent, is better than the U.S. average of 50.9 percent.”