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How Does Vermont Rank as a Place to Launch a Business?

A new study by WalletHub puts Vermont in 20th place for “2017’s Best & Worst States to Start a Business.”

The study compared 50 states across 20 key indicators of startup success. These indicators were grouped into three basic categories:

  • Vermont ranked in 28th place for “Business environment”
  • Vermont ranked in 21st place for “Access to resources”
  • And Vermont ranked in 27th place for “Business costs”

Click here to read a complete breakdown of WalletHub’s findings, business insights, and description of methodology.

According to U.S. Bureau of Labor Statistics data, about a fifth of all startups typically don’t survive past year one of operation, and nearly half never make it to their fifth anniversary.

“A state that provides the ideal conditions for business creation — access to cash, human capital and affordable office space, for instance — can help new ventures not only take off but also thrive.” – WalletHub

And  a CB Insights study found “bad location” was among the main reasons businesses fail.

The 2016 Kauffman Foundation Index report ranked Vermont at the top for five-year business survival rate.

However, while WalletHub’s ranks Vermont in the middle of the pack for starting a business, a study of Vermont’s actual economy is much more promising.

The 2016 Kauffman Foundation Index report ranked Vermont at the top for five-year business survival rate.

The same report ranked Vermont second among 25 smaller U.S. states for entrepreneurship and small business activity.

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