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

New Jersey
Photo: Darryl Brooks/Shutterstock.com

New Jersey

New Jersey is one of several Northeast states to rank on the lower end of the best states to start a business, according to the report. New Jersey’s working-age population has declined from 2013 to 2018, and its growth rate of business establishments from 2006 to 2016 was also in the negatives. 

“In 2018, 83 venture capital-funded companies received $732.01 million in funding, equivalent to about $8.8 million per company, which is among the highest in the study. Unfortunately, the startup early survival rate is below the national average, and its five-year rate of 48.6 percent isn’t great either,” the report notes.

Most viewed

Conversations

Must Read