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
