When considering whether or not to start a small business, there are several factors to keep in mind while determining where you would start your business. Fit Small Business compiled a 2018 ranking of all 50 states to determine the best states to start a small business, using the following categories:
Taking into account these factors, the survey ranked Washington 19th out of the 50 states, with each of the categories above ranked accordingly:
Amazon! Starbucks! Wait! Washington may be home to these superstars, but it actually has the lowest business survival rate. However, this Evergreen state (quite literally; this beautiful land is 52% forest) has the 4th highest percentage of available talent and a very strong productivity score. It also ranks well in access to funding and low income taxes. If gorgeous vistas, an active lifestyle, the prawn capital of the country, and a strong coffee and fish game strike your fancy, Washington may be the place for you and your new business.
Washington Department of Revenue
6500 Linderson Way SW
Tumwater, Washington 98501
P 800-647-7706
Washington Secretary of State
801 Capitol Way S
PO Box 40220
Olympia, WA 98504-0220
P 360-902-4151
Small Business Advocacy
Seattle District Office
2401 Fourth Avenue Suite 450
Seattle, WA
P 206-553-7310