The top ten states to start a small business demonstrated the best startup activity, business survival rate and cost of living, among other factors, according to a study conducted by GOBankingRates, a Los Angeles-based personal finance website.

The study examined a new company’s survival rate, which depends primarily on the location. All 50 states were ranked to determine the best and worst places to open a new company and examined other factors such as productivity, labor force quality and business tax climate.