Written by: Madeline Blake
Date:

When it comes to starting a business, it’s necessary to consider multiple factors. First off, you have to be sure you are ready for everything that comes with entrepreneurship. Second, you must decide whether the state you live in is a perfect environment for you. The location of your business will play a major role, which is why moving somewhere else might be the best thing to do. No wonder many aspiring entrepreneurs decide to move to other states where tax situations are more stable. In addition, they seek a high-quality lifestyle at reasonable prices. That’s why this guide we at Verified Movers created for you is there to give you key information about some of the best states to start a business in US.

man thinking of best states to start a business in US
The best states to start a business in US have strong economies and diverse job markets.

Which US states are ideal for entrepreneurs?

The states with a stable and thriving economy and job market diversity are the ones where starting a business is the right thing to do. In addition to affordable living, the average salary in a particular state is also one of the most important factors. However, the states with low to almost non-existent personal income taxes will always take the top spots. Furthermore, we can notice that low real estate taxes inspired many prominent companies (like Tesla or Amazon) to change the locations of their headquarters. That further indicates that the best states in the US to build the business are the ones with stable real estate situations and lower taxes.

The current top states where small businesses have the potential to flourish are:

  • Texas
  • Arizona
  • Montana
  • Utah
  • Colorado
  • Idaho
  • California
  • Florida
  • Massachusetts
  • North Dakota

In this article, we are going to give a total grade to each state on a scale from 1 to 10. The factors we mostly consider are based on the state’s economic growth, tax situation, and percentage of successful startups. However, bear in mind the above-mentioned list of entrepreneur-friendly states is prone to changes due to continuous fluctuations in the economy and business trends. Whether a particular state meets all the needs of entrepreneurs is also a major factor.

Texas has plenty of space for a wide variety of startups

Over the past few years, many notable tech giants, celebrities, and job-seekers moved to Texas. That further speaks of the abundance of benefits that Texas offers to its residents. Without the state and personal income taxes, running a business in Texas is truly a breeze. It’s worth mentioning that Texas holds a top position among some of the best start-up states in the USA. Over 70 active start-ups speak volumes about the entrepreneurial spirit that Texas cultivates. Around 55% of startups in Texas have passed the 5-year threshold and keep growing and developing. Therefore, those who look forward to applying new technologies to various industries will have the greatest potential to succeed. Texas is a serious tech hub to watch out for. Some of the most successful startups that have been around for quite some time are:

  • Molecula – Artificial Intelligence and Analytics company founded in 2017.
  • Immeresed Inc. – Software Virtual Reality company founded in 2017.
  • Cerberus Interactive – Marketing company founded in 2017.
  • FabuLingua – Education Software company founded in 2018.

If you consider Texas for your future business, then wait no more and search what interstate moving companies Texas has on offer! A good move is a kickstart to your future life and work in Texas, so make sure to pick a relocation team that has your best interest at heart!

Texas is one of the best states for entrepreneurs.

Arizona is a startup paradise

In addition to low taxes and a strong economy, limited regulations allow small businesses and startups in Arizona to flourish. Furthermore, business credits are another encouraging factor for aspiring entrepreneurs who seek to realize their business plans. Just like Texas, Arizona is another tech hub on the rise. A steady economic growth rate and lower job market competition are the reasons why Arizona has an above-average employment rate. In addition to the tech, education, medical field, government, and retail are also prominent industries. The diversity in vacancies attracts both job-seekers and those who want to realize their business ideas.

Arizona is another state where tech meets other industries and generates various promising start-ups that have the potential to last. Currently, Arizona has over 50% of active small companies. Plus, the diverse market makes Arizona perfect for different kinds of businesses. If all of these data motivate you to start planning your move as soon as possible, make sure to look up interstate moving companies Arizona has on the map. Your new life, business ventures, and hot weather in Arizona are just around the corner!

Montana is one of the countries with the greatest numbers of small businesses

If you want a country that has it all and is popular as an entrepreneurial hub, then Montana is the right place for you. Entrepreneurs in Montana are an integral part of the economy, which is why it pays off, in the long run, to start a business there. Around 3,500 people in Montana start their businesses each year. In addition, Montana doesn’t have a sales income tax, which is why living is quite affordable and yet quality.

Startups in Montana don’t grow too much. Business owners tend to keep a maximum of 6-7 employees. This kind of entrepreneurial ecosystem shows that being a successful business owner isn’t just about growth. It’s about ideas, hard work, and how you put your business out there. If this is the state for you, then chose your movers among interstate moving companies Montana, and start packing! A whole new life full of a wide array of opportunities awaits you in some of the most thriving cities in Montana!

Utah is a state where entrepreneurs are thriving

Living in Utah also means living in another entrepreneurial hub. This is the state where both students and fresh graduates come up with countless startup ideas every year, mainly in the tech field. Among all states in the US, Utah counts as one of the best business hubs. Starting a business in Utah is less complicated in stressful considering its diverse market, and entrepreneurial spirit all around you. Just like in other top states for business owners, Utah also has a strong entrepreneurial vibe. Every year thousands of people embark on an entrepreneurial journey with the goal to make a difference. Over 50% of startups survive the initial period and keep growing over time.

a person typing on a computer and writing in a notebook
Living in some of the best states to start a business in US is a breeze.

These are of the most successful Utah startups that stood the test of time:

  • Podium (since 2014) – Consumer reviews
  • Lucid (since 2010) – Information technology, Mobile apps
  • Cotopaxi (since 2014) – E-commerce
  • MX Technologies (since 2010) – Financial services
  • Nav (since 2012) – Financial services

Whatever your idea is, there is a chance to make it work in Utah. All you need is a solid business plan, a team, as well a professional moving crew. Moving in order to start a business is a huge event, which is why hiring movers among interstate moving companies Utah has on the market is necessary. Once you find the movers that provide the services you need, your entire relocation endeavor will run smoothly!

Colorado also ranks among the top states for starting a business

Colorado is another state with lower-than-average tax rates where living is much more affordable compared with the majority of US states. That’s one of the reasons why hiring interstate moving companies Colorado has on offer is more common than not. Business owners want a life somewhere where it’s possible to run a business, and live a balanced lifestyle close to nature. Over the past decade, the economy of Colorado has grown stronger. Furthermore, people started applying new technologies to their business idea and expanded the job market as a result. The accumulated number of successful startup companies placed Colorado among the top countries where businesses grow and thrive. With time, patience and connections, your business idea could be among the successful ones in Colorado.

According to experts, Colorado has a great chance to become a much stronger entrepreneurial hub in the US. The percentage of successful small businesses keeps growing more and more each year. Many of Colorado’s startups focus on the following industries:

  • Tech
  • Marketing
  • Fitness
  • E-commerce

The network of small businesses in Idaho keeps growing

Another great place in the US to start a business and run it with ease is definitely Idaho. In the past few years, Idaho proved it can be not only family-friendly but also a business-friendly state. As a result, small businesses are becoming widespread in Idaho. The Tech industry in Idaho is on the rise, making it a promising state for everyone looking forward to establishing their own businesses. Just like in Montana, Idaho startups tend to remain smaller. According to current statistics, around 43% of startups actually survive the initial 5-year period and continue growing. A good example of a successful tech startup would be Tackle.io – a company with an aim to help software companies increase their revenue. Founded in 2016, this popular startup in Idaho received an honorable award as the most prominent Idaho startup in 2021.

happy woman reading about best states to start a business in US
Idaho is another state where entrepreneurship is highly appreciated.

Bottom line is – Idaho is quite friendly to small businesses and offers plenty of space to start and grow them. In addition to this, the market in Idaho keeps growing. The rise in population also indicates the inevitable growth Idaho is about to experience. More people are willing to dive into entrepreneurial waters and start their businesses exactly in Idaho. The fact that Idaho is where healthy work-life balance is the norm speaks volumes. Therefore, if you have already decided that this state is ideal for you, then your next step is to research interstate moving companies Idaho offers. A great team of professional movers will help you

California is a perfect entrepreneurial playground where innovation meets creativity

Although the state with the highest tax rate, California is undoubtedly among the top-level business centers in the US. The market in California is quite diverse, and entrepreneurship is a significant part of its economy. Plenty of California’s startups thrive in a wide range of industries. Therefore, starting a business here is one of the best decisions you can make. Additionally, California is an arts and entertainment hub. Creativity is highly appreciated in the Sunshine State. Whether you have an idea for a business, or concrete product, or want to base your business on art pieces you do – California is the place for you.

happy woman at her workplace
California has been one of the best states to start a business in US for many years.

However, you must keep in mind that it takes time to succeed in California. This is mostly due to California’s high competition rate in the job market. That’s why patience and a crafted business plan will put your business out there and market it to a target audience. Once you decide it’s time to relocate to California and start fresh, make sure to check some of the best cross country movers California has on the map.

Florida has been one of the best US states to start a business for quite some time

Without any doubt, Florida is the most consistent top business-friendly state in the US. The business climate in Florida invites people from across the world to come and take their chances. Florida combines everything an entrepreneur would want:

  • Stable tax situation.
  • Affordable real estate.
  • Warm climate.
  • Proximity to beaches and other natural landscapes.
  • Vibrant life in an abundance of cultural events.
  • Diverse job market.

One thing to keep in mind is that a growing number of entrepreneurs in Florida means constant competition in the market. This, however, doesn’t mean that succeeding as a small business owner in Florida is a mission impossible. All it takes is patience in order to see first results. What’s good about Florida is its appreciation of diversity – in cultures and ideas. People from a wide array of business branches come here to start or further expand their businesses. That’s why some of the best cross country movers Florida has on offer are among the busiest in the US. Every year they carry out relocations for aspiring entrepreneurs who seek to advance their businesses in Florida cities.

somewhere n Florida
There are many award-winning startup companies in Florida.

Let’s take a look at the best current examples of successful startups in Florida:

  • vXchnge – an award-winning company dedicated to improving business performance and reaching a wider audience through new technologies (founded in 2013).
  • CareStack – another award-winning company in Florida that embodies dental practice and data analytics, making it easier for dental workers to manage their appointments and communicate with patients easily (founded in 2013).
  • Freightos – a company widely used by logistics and airline companies (founded in 2012).

Massachusetts is undoubtedly a top-level state to start a business in the US

Boston and other major cities in Massachusetts are business, tech, and entrepreneurial hubs that keep thriving. With its almost recession-proof economy, Massachusetts ranks as a prosperous US state that is perfect for entrepreneurs. Simply put, there’s enough space for a wide array of business ideas. From tech to retail – Massachusetts entrepreneurial ecosystem has it all. What you should keep in mind is that the competition rate in the job market is quite high. Nevertheless, startups and small businesses in Massachusetts keep thriving. It’s one of the top small business-friendly states for a reason. The percentage of successful startups grew by 5% since the last year, which speaks for itself.

a group of people working together
Massachusetts is where you can form strong business networks.

Massachusetts is a state where living comfortably and affordably at the same time is possible. Salaries go above the national average while taxes rates are among the lowest in the US. If we pair this with a widespread entrepreneurial spirit, we can easily come to the conclusion that Massachusetts is a place to be. For all of the mentioned reasons, the top interstate moving companies Massachusetts has on offer are busy handling numerous relocations. Job-seekers and business owners are among the top customers who look forward to moving to some of the most thriving cities in Massachusetts. If you are one of them, then wait no more and start looking for the right company for you!

North Dakota is one of the top US states for business owners

As of the year 2021, North Dakota ranks among the top 5 entrepreneur-friendly US states. With over 55% of successful small businesses, it’s not a surprise why North Dakota attracts both entrepreneurs and investors. The business climate is the basis of its economy, which is why entrepreneurs are considered a necessary part of it. Besides tech, a wide array of other industries are also important. That’s why small businesses in North Dakota have greater chances to prosper compared with other US states. Plus, it’s also one of the top tax-friendly US states. All these reasons are strong enough to pick North Dakota as your new place of residence where you can plant and grow your business plan. Therefore, take time to see what interstate moving companies North Dakota has for you, and find the movers to execute your relocation!

Many states in the US strive to become one of the best for starting a business

People across the US are becoming more and more daring when it comes to starting a business. Access to information and mentorship are the main factors that motivate people to invest in their ideas and turn them into a thriving business. Although we mentioned a handful of top states, rest assured the list might grow over the next few years. For instance, states like Oregon, Nevada, and Wyoming are slowly becoming more prominent when it comes to entrepreneurship.

a group of colleagues working on a project
Many other US countries are about to become serious business centres in the coming years.

Global economic shifts are always one of the major factors that determine the business ecosystem of each country. In addition, a stable real estate market and lower taxes are always a huge plus for those who think of starting a business.

We can help you find the best moving team to carry out your relocation journey!

After researching the best states to start a business in US, all you have to do is choose the one that appeals to you the most. After that, pick the company that will help you pack and relocate. A professionally executed move is the first step towards your new life in a new place of residence. Therefore, it’s in your best interest to have seasoned movers at your disposal. However, looking for the best mover might take longer than you think. That’s why we at Verified Movers are there to help you make the best choice! All you have to do is contact us for a free estimate, and we’ll do all the work for you. Our database contains some of the best movers that include top-quality relocation services! Rest assured we will find you one of the best professional, licensed movers on the market.