A new study has ranked Wisconsin the 43rd-best state for entrepreneurs in 2025, falling four spots from last year.
Simplify LLC released its annual study on the Best & Worst States for Entrepreneurs in 2025 using the most recent data from the Census Bureau, Bureau of Economic Analysis, Tax Foundation, and the U.S. Senate. The rankings were determined by analyzing six key categories in all 50 states and Washington, D.C. — corporate tax rate, inflation, consumer spending growth, job creation rate, and net migration of educated workers.
Key Wisconsin findings showed:
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Consumer spending growth of just 1.1%, ranking No. 41 and down from 3% last year;
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A slow job creation rate, ranking No. 45 despite a four-point increase over last year;
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New business growth decline from 1.3% to -5.3%, ranking No. 30.
