SC Ranked 5th and NC Ranked 9th As Having The Most Affected Small Businesses From Coronavirus

By
Charlotte Stories
-
537

With 35 percent of small business owners saying their business cannot survive more than three months in current conditions, WalletHub today released its report on the States with the Most Affected Small Businesses due to Coronavirus.

To identify the states in which businesses are hit hardest by COVID-19, WalletHub compared the 50 states and the District of Columbia across 12 key metrics. Our data set ranges from the share of small businesses operating in highly affected industries to small-business credit conditions and the state’s small-business friendliness.

North Carolina was ranked as the 9th most affected and South Carolina was ranked as the 5th most affected.

States with the Most Affected Small Businesses due to COVID-19

Overall Rank State Total Score ‘Impact & Access to Resources’ Rank ‘Small-Business Financial Conditions’ Rank ‘Business Environment & Workforce Support Conditions’ Rank
1 Hawaii 69.87 2 22 2
2 Nevada 64.86 3 10 9
3 South Dakota 62.93 5 21 14
4 Mississippi 60.72 10 9 10
5 South Carolina 59.63 7 5 30
6 Louisiana 57.68 34 1 3
7 Arizona 56.96 13 28 7
8 Nebraska 56.77 15 25 8
9 North Carolina 56.67 21 13 11
10 North Dakota 56.52 18 23 12
11 West Virginia 56.15 6 11 38
12 Georgia 55.66 28 8 6
13 Kentucky 55.28 16 26 18
14 Tennessee 54.86 25 4 20
15 Montana 54.27 1 42 49
16 Florida 54.17 22 2 27
17 Idaho 53.62 8 14 47
18 Wyoming 53.45 4 27 50
19 Maine 53.20 19 18 25
20 New Mexico 51.66 9 49 21
21 New Hampshire 51.39 12 51 1
22 Arkansas 49.54 27 6 33
23 Kansas 49.49 36 29 15
24 Washington 48.80 20 24 37
25 Vermont 48.52 17 48 22
26 Virginia 48.45 35 39 5
27 Alabama 48.08 24 35 32
28 Michigan 47.93 44 37 4
29 Delaware 47.89 31 30 26
30 New York 47.46 29 20 34
31 Iowa 47.26 33 31 24
32 Alaska 46.83 23 3 51
33 Indiana 46.50 41 33 16
34 Oklahoma 46.46 26 17 44
35 Utah 46.41 14 44 35
36 California 45.95 43 32 19
37 Rhode Island 45.76 32 43 23
38 Colorado 45.21 11 45 43
39 Texas 44.24 37 12 42
40 Maryland 43.27 38 46 17
41 Missouri 42.33 40 15 39
42 Oregon 42.32 30 38 46
43 New Jersey 41.93 50 7 29
44 Minnesota 41.23 39 40 28
45 Illinois 39.54 46 16 40
46 Connecticut 36.62 47 36 41
47 Wisconsin 36.25 42 41 45
48 Ohio 36.13 48 47 31
49 Pennsylvania 34.63 49 34 48
50 Massachusetts 31.88 45 50 36
51 District of Columbia 29.57 51 19 13

Comments

comments