Utah was named the 2nd best State to start a business by WalletHub! In the study, WalletHub compared the 50 states across 26 key indicators of startup success to determine the most fertile grounds in which to launch and grow an enterprise. According to WalletHub; Starting a business is no easy task and about one fifth fail after one year, and almost fifty percent fail by 5 years. But startups fail for different reasons, a “bad location” among the most common. Choosing the right state for a business is therefore crucial to its success.
See the link to the full study below and the factors that lead to Utah being number 2!