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 West Virginia 44th out of the 50 states, with each of the categories above ranked accordingly:
If you've been eyeing West Virginia as the new home for your startup or small business, the timing couldn't be better. Financial experts across the state are coming together to push for a concentrated effort on entrepreneurship and small businesses in order to move forward to a better, stronger state economy. While they recognize there is great room for improvement in order for West Virginia to be a major player in this market, they tout a low cost of living and strong available pool of talent as huge attractors for new business owners. Universities across the state are working together in a team effort to train new generations of entrepreneurs and to capitalize on existing resources. If getting in on the ground floor of this kind of action is appealing, you may not need to look much further than West Virginia as the new home for you and your business!
West Virginia Department of Revenue
407 Neville St # 109
Beckley, WV 25801
P 304-558‐3333
West Virginia Secretary of State
State Capitol Building
Charleston, WV 25305
P 304-558-6000
Small Business Advocacy
West Virginia District Office
320 West Pike Street Suite 330
Clarksburg, WV 26301
P 304-623-5631