Montana Named The Best State For Startups

No matter the city or state, there are pros and cons to starting a new business.

Some places are better than others for a startup, but according to a recent report, Montana leads the nation!

Best State To Start A Business

According to a recent report by Entrepreneur Media, Montana is the best state in the nation for startup businesses!

This recent report showed that Montana scored 9.55 out of 10 for overall startup opportunity for small businesses.

Also, the 10-year survival rate of a small business was 41%!

The report highlighted that Montana has a higher number of business start-ups than other states, which equates to 422 per 100,000 people.

“As an entrepreneur, I know firsthand the joys and challenges of starting and growing a business,” said Gov. Gianforte. “With my experience, I am working every day as governor to make government more efficient and responsive to Montanans looking to invest in their dreams and in the Treasure State.”

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Small Business In The United States

According to the Small Business Administration, more than 21 million new business applications were filed nationwide over the past four years.

Overall, Montana outpaced other states with Oregon, Nevada, Utah, and Florida rounding out the top five.

Travel analysis at booking.com pulled the data from the US Bureau of Labor Statistics and the US Census Bureau for the study.

If you'd like to check out the full article from entrepreneur media, Click Here.

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Top 12 Best Small Cities For Starting A Business

"WalletHub compared the business-friendliness of more than 1,300 small-sized cities to determine the best small cities to start a business. Our data set of 18 key metrics ranges from average growth in the number of small businesses to investor access to labor costs."

Gallery Credit: Kyle Matthews