The 10 best states for small businesses

Massachusetts has been named the best state in the U.S. for small businesses, with a three-year small business survival rate of 64.96 percent, according to data from business analysis company Capital on Tap. 

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The company used data from the U.S. Bureau of Labor Statistics to determine the percentage of small businesses still active after three years, according to the Oct. 2 study sent to Becker’s. 

The 10 best states for small businesses and their average three-year survival rates: 

1. Massachusetts: 64.96 percent 

2. Wisconsin: 64.93 percent 

3. South Dakota: 64.03 percent 

4. Minnesota: 63.97 percent

5. Iowa: 63.71 percent 

6. North Dakota: 63.63 percent 

7. Pennsylvania: 63.51 percent 

8. Montana: 62.79 percent 

9. Hawaii: 62.22 percent 

10. North Carolina: 61.91 percent

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