10 Best and Worst States for Entrepreneurs
From GoBankingRates.com November, 2015
The top challenge that entrepreneurs face in Hawaii is high costs, as this state has the highest cost of living in the nation. And many new businesses will have to figure out how to cover these costs with less financing because Hawaii’s rate of small business lending is in the bottom 12 of all states. These high costs put Hawaii at No. 2 among the worst states for entrepreneurs.
These factors could help explain why Hawaii has a lower business survival rate, with only slightly more businesses created in 2013 than failed that year (102 to 100, respectively). Businesses in Hawaii might also have more competition for qualified candidates because of the state's smaller pool of available employees and low number of new college graduates....
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SA: Study: Hawaii second-worst for entrepreneurs