New research has revealed the most entrepreneurial states, with Oregon topping the list.
The study, conducted by QRFY, analyzed data from the US Bureau of Labor statistics to find the number of new businesses in 2022 compared to 2023; each state was ranked according to the difference rate.
Top 10 Most Entrepreneurial States
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Oregon tops the list with an increase of 10.7% (equating to 19,423) new businesses opening in 2023, meaning there are now 200,766 registered establishments in the state, rising from 181,343.
Neighboring states Idaho and Montana share second place, each having a 10.5% increase in business openings – 8,922 and6,201 respectively. The former jumped from 85,354 to 94,276 while the latter rose from 59,303 in 2022 to 65,504 in 2023.
Virginia is extremely close behind in third, with a 10.4% rise in new businesses, with figures growing from 323,607 in 2022 to 357,131 in 2023.
With a 9.3% increase in new businesses, equating to a difference of 7,497, Mississippi places fourth making it the highest-ranking southern state. The figure was up from 80,215 in 2022 to 87,712 last year.
Hawaii follows in fifth place as the number of businesses increased by 4,784 (9.3%) from 51,738 in 2022 to 56,522 in 2023.
Top 10 Least Entrepreneurial States
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