According to the new 2023 Business Friendliness Index – which examines a state’s economic climate, access to resources, business-friendly policies, and overall growth potential for new ventures – North Carolina has just been ranked as 5th best state for individuals to start a business in 2023.
BUSINESS FRIENDLINESS INDEX
States ranked based on their overall friendliness to new business startups:
- Texas
- Florida
- New Mexico
- Oregon
- North Carolina
- Wyoming
- Georgia
- Ohio
- Colorado
- Indiana
- Nevada
- Virginia
- Arizona
- Idaho
- Mississippi
- Washington
- South Dakota
- Oklahoma
- South Carolina
- Michigan
North Carolina, boasts impressive rankings across key areas. It secures the #9 spot in the business environment and holds the respectable position of #23 in terms of funding and resource availability, encountering some challenges in this area. Most notably, it stands out as the #6 best state in the cost of doing business, solidifying its reputation as an ideal hub for new businesses.