Oklahoma ranked one of the ‘best states to start a business’

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

OKLAHOMA CITY – If you walk around some of the most popular districts in Oklahoma City, you’ll likely stumble upon unique, local businesses at every turn.

However, it is never easy to start a business.

According to the U.S. Bureau of Labor Statistics, about a fifth of all startup businesses don’t survive past the first year of operation. In fact, nearly half of all businesses never make it to their fifth anniversary.

Despite those statistics, a recent survey says that Oklahoma is one of the best places to start a business.

WalletHub released its list of the 2019 Best & Worst States to Start a Business, and the Sooner State made the list at No.5.

Oklahoma made it into the top five because of its good ‘business environment’ ranking and the low costs needed for a business.

Experts say Oklahoma had the 13th best ranking for office space affordability, and the 7th best ranking for the cost of living.

The list of the ‘Best States to Start a Business’ is as follows:

  1. Texas
  2. Utah
  3. Georgia
  4. North Dakota
  5. Oklahoma
  6. Florida
  7. Arizona
  8. California
  9. Montana
  10. Colorado.

 

In Your Corner

More In Your Corner

National News

More National

Washington D.C.

More Washington DC Bureau

Don't Miss

Latest News

More News

Popular

KFOR Podcasts

More Podcasts

Follow @KFOR on Twitter