Forbes ranked Utah as the best state for entrepreneurs, according to a study conducted by Seek capital.
The study was conducted in all 50 states to determine which ones were the best and which ones were the worst for entrepreneurs wanting to start and maintain a successful business. It analyzed conditions according to 21 factors, ranging from socio-economic, unemployment, and labor force participation rates. The study also considered factors focused on entrepreneurial activity, such as the rate of new entrepreneurs, the opportunity share of new entrepreneurs, and startup survival rates.
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