Florida is best state to start a business in 2025, per study

If you're an entrepreneur thinking about starting a business, Florida might be your best bet.

A recent WalletHub study ranked Florida as the top state for launching a business.

The personal-finance website compared all 50 U.S. states using various factors critical to startup success, including access to financing, labor costs, and office-space affordability.

The study found that Florida saw the number of small businesses in the state grow by nearly 16% between 2016 and 2022, the fourth-highest percentage in the country.

By the numbers:

Here are Florida's rankings in key business factors, according to WalletHub:

  • Overall: 1st
  • Small Business Growth: 4th
  • Labor Costs: 16th
  • Availability of Human Capital: 13th
  • Work Week Length: 21st
  • Cost of Living: 25th

Read the full study here

STAY CONNECTED WITH FOX 35 ORLANDO:

The Source: This story was written based on information shared by WalletHub.

FloridaBusiness