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Report: Hawai`i is 2019’s 4th Worst State to Start a Business

With the stock market booming, the personal-finance website WalletHub today released its report on 2019’s Best & Worst States to Start a Business.

To determine the most fertile grounds for planting and growing new ventures, WalletHub compared the 50 U.S. states across 26 key indicators of startup success. The data set ranges from financing accessibility to the availability of human capital to office-space affordability.

Starting a Business in Hawaii (1=Best; 25=Avg.):

  • 35th – Avg. Growth in Number of Small Businesses
  • 38th – Office-Space Affordability
  • 47th – Labor Costs
  • 42nd – Availability of Human Capital
  • 18th – Avg. Length of Work Week (in Hours)
  • 48th – Cost of Living
  • 41st – Industry Variety

For the full report, click here.

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