New Mexico was one of the worst states in which to start a business. In fact, New Mexico ranked 40th out of the 50 states.
If you want to start a business, you might want to go to to Utah, Colorado or Florida.
But you probably wouldn’t want to head to New Mexico, at least according to WalletHub. The personal finance website said Wednesday that New Mexico was one of the worst states in which to start a business. In fact, New Mexico ranked 40th out of the 50 states.
New Mexico’s business environment rank was 48th, and it had the second-worst average growth rate in the number of small businesses.
WalletHub ranked the states on 20 key factors, including access to financial resources, startups per capita and cost of doing business.
The top 10 states in which to start a business were North Dakota, Texas, Utah, Oklahoma, Nebraska, Florida, Colorado, Georgia, Missouri and South Dakota.
The worst place to start a business was New Jersey.
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