10 Best States for Starting a Business

By Ray Pinard | May 13, 2013

Another interesting article published on the Friends of the U.S. Chamber of Commerce web site.

To encourage residents to start their own businesses, U.S. states are investing in entrepreneur mentorship programs and pumping up their high-tech workforce.

Maryland, Colorado and Virginia are the three states most supportive of innovation, according to the fourth annual Enterprising States report out this week from the U.S. Chamber of Commerce, a Washington, D.C., based business advocacy organization.

The study measured five aspects of policy including exports and international trade, entrepreneurship and innovation, business climate, talent pipeline, and infrastructure. U.S. states were ranked for their performance in each category. Also, the study measured and ranked overall economic climate and growth in each state. Utah earned the title as the top performing state overall for fostering business growth and creating jobs. It ranked in the top 10 of every policy ranking and came in third overall in economic performance.

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