Starting a business is no easy feat, with nearly one-fifth of startups failing within their first year, according to the U.S. Bureau of Labor Statistics. The challenges only grow during periods of economic strain, such as high inflation and labor shortages. To help entrepreneurs increase their chances of success, WalletHub has released its 2025 report on the Best & Worst States to Start a Business, analyzing the most favorable conditions for startups across the U.S.
Oklahoma ranks as the 6th best state in the nation for launching a business, thanks to its affordable office space, low labor costs, and favorable cost of living. WalletHub’s study evaluated all 50 states across 25 key indicators of startup success, such as financing accessibility, labor availability, and economic conditions.
Here’s how Oklahoma ranked in specific categories:
Choosing the right location to start a business is critical, as factors like access to funding, skilled workers, and affordable resources can significantly impact a …
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