The best and worst states to start a business in 2021 might surprise you.
Only about one in every five startups survives beyond its first year in business, according to the U.S. Bureau of Labor Statistics, and the COVID-19 pandemic has likely made success even more difficult to achieve.
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These 10 states, however, have proven to be the best for starting a business after more than a year of COVID-19 based on 28 relevant metrics reviewed by WalletHub in three broader categories, including business environment, access to resources and business costs:
- Texas
- Georgia
- California
- Florida
- Idaho
- Utah
- Colorado
- North Dakota
- North Carolina
- Massachusetts
The worst cities to start a small business based on those same three factors, starting from the bottom, are:
- New Jersey
- Connecticut
- Rhode Island
- West Virginia
- Wyoming
- Alaska
- Missouri
- Pennsylvania
- Delaware
- Virginia
Interestingly, Virginia ranked No. 1 on CNBC's list of best states to start a business, followed by North Carolina, based …