Top 10 States Where Businesses Thrive
Discover Where Businesses Shine
Some states are better places for businesses to grow and succeed. They have more new businesses starting up and attract lots of investment from companies and investors.
In the 2023 Best States list, U.S. News looked at which states have the best environments for businesses. They used five things to figure this out: how many new businesses start, how much tax businesses have to pay, how many big company headquarters are there, how much money investors put into new ideas, and how many new inventions are made. Based on how well states did in these areas compared to each other, they ranked the states with the best business environments. Here are the top 10:
- Massachusetts
- California
- Delaware
- Washington
- Colorado
- Connecticut
- Utah
- Idaho
- Rhode Island
- Nevada
Let’s see how each state did in these areas to get their rankings in the Best States list.
| STATE | BUSINESS CREATION RATE | TOP COMPANY HEADQUARTERS (PER MILLION RESIDENTS) | PATENT CREATION RATE (PER MILLION RESIDENTS) | TAX BURDEN | VENTURE CAPITAL (PER $1,000 GDP) |
| 1. Massachusetts | 3.94% | 4.73 | 1,248.2 | 9.27% | $23.89 |
| 2. California | 3.74% | 3.36 | 1,248.7 | 9.91% | $25.27 |
| 3. Delaware | 4.29% | 8.84 | 327.1 | 10.4% | $20.09 |
| 4. Washington | 3.78 | 2.18 | 1,146.3 | 9.01% | $8.76 |
| 5. Colorado | 4.3% | 3.60 | 634.5 | 8.67% | $8.66 |
| 6. Connecticut | 4.13% | 6.62 | 924.6 | 10.77% | $3.21 |
| 7. Utah | 4.89% | 1.48 | 609.8 | 8.55% | $8.63 |
| 8. Idaho | 5.18% | 2.06 | 626.9 | 8.23% | $2.80 |
| 9. Rhode Island | 4.83% | 6.40 | 434.7 | 9.56% | $1.43 |
| 10. Nevada | 5.36% | 3.15 | 315.3 | 8.66% |
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