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Starting a business from scratch is for low hearts, but some states facilitate the task that others for founders finding success.
A recent study by Swoop Funding ranked U.S. states based on 11 metrics including Venture Capital (VC) investments, sales tax rates, health insurance costs and the availability of coworking spaces, and found these are the top states in the country for launching a business:
Downtown skyline in Austin, Texas. (Brandon Bell/Getty Images/Getty Images)
“Texas is a magnet for entrepreneurs with its zero state income tax, low cost of living, and pro-business regulations,” Swoop Funding CEO Andrea Reynolds told FOX Business. “Austin’s ‘Silicon Hills’ attracts top tech talent, while Houston and Dallas lead in energy, logistics and fintech. The state’s strong startup support network and universities create an ideal launchpad for growth.”
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Reynolds says that Ohio is adjusting a starting center with strong investments in industries such as fitness care, manufacturing and food technology.
“Programs such as Ohio Venture Fund and Ohioxcerate offer important financing and tutoring, supported through the most productive universities and accelerators, creating a diversified and collaborative environment for growth,” he said.
Aerial view of downtown Charlotte, North Carolina. (iStock / iStock)
North Carolina has built a strong startup ecosystem fueled by top research universities and a highly skilled workforce, the Swoop Funding CEO says.
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“The State leads in biotechnology, life sciences and white energy, with an emerging risk capital investment, so it is a choice for classic starting centers,” Reynolds said.
The Mississippi supports new companies thanks to projects such as Cubuilders, supported through partners such as Microsoft, which offer tutoring and financing.
The state accessory in the blue economy and its low operational prices make it a horny destination for avant -garde companies, said Reynolds.
View of a cruise ship at harbor in Miami. (Visions of America/Joseph Sohm/UCG/Universal Images Group via Getty Images / Getty Images)
Without a state source of income tax and forged foreign links, Florida provides founders with wonderful opportunities to evolve.
“Florida temporarily is a main destination, especially in Fintech and Blockchain,” Reynolds said. “Miami is now a global medium for virtual finances, while Orlando and Tampa prospered in games, tourism and physical care. ”
Reynolds says that what Swoop appears is that there is no exclusive formula for the good fortune of new companies. Some states, such as Texas and Florida, are prominent for their tax benefits and their professional environments, while others, such as North Carolina and Ohio, offer successful and qualified personnel.
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“Entrepreneurs deserve to look beyond investment opportunities and how each state’s strengths align with their business needs,” he added. “Choosing the right location can make a difference on the scale successfully. “
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