Harrington Group International released a study on the Best States for Entrepreneursafter analyzing data from the Bureau of Labor Statistics, Census Bureau, and the Bureau of Economic Analysis data from 2020 to 2022, and Wisconsin is ranked the 33rd best state for entrepreneurs. The rankings were determined by analyzing myriad factors such as taxes, jobs, the startup survival rate, consumer spending, and the net migration of educated workers, among others. Key findings include:
- Wisconsin: Jobs (+1.7%), net migration of educated workers (-1,116), consumer spending (+5.8%), startup survival rate (51.5%), gross domestic product (-1.9%), credit rating (AA+), tax revenue from income taxes (51.8%);
- Four largest economies — net migration of educated workers: New York: -162,377, California: -190,046, Florida: +133,518, Texas +61,992;
- 10 best states: Florida, Texas, Tennessee, South Dakota, Idaho, Montana, South Carolina, North Carolina, Nevada, Oregon; and
- 10 bottom states/regions: Connecticut, Illinois, New York, Kansas, D.C., Hawaii, New Hampshire, California, Missouri, and Louisiana.
