2023 Competitiveness Redbook 2023 | Page 16

Source : U . S . Bureau of Labor Statistics TABLE 9
Opening and Closing Rates of Establishments ( Q1 2021 – Q4 2021 )
Rank
Average Quarterly Entry Rate
Average Quarterly Exit Rate
Rank
1 Alaska
10.7 %
9.2 %
1
2 Wyoming
9.2 %
8.3 %
2
3 Montana
8.9 %
7.6 %
3
4 Nevada
8.5 %
5.5 %
43
5 Hawaii
8.3 %
5.7 %
30
6 Rhode Island
8.2 %
6.3 %
13
7 Maine
8.2 %
7.3 %
4
8 Vermont
8.2 %
6.8 %
5
9 Colorado
8.0 %
6.3 %
12
10 California
8.0 %
6.0 %
23
11 Florida
7.9 %
6.0 %
23
11 Idaho
7.9 %
6.6 %
6
13 New Mexico
7.9 %
6.2 %
15
14 New Jersey
7.6 %
5.7 %
33
15 North Dakota
7.5 %
6.6 %
8
16 Louisiana
7.5 %
6.6 %
7
16 Oregon
7.5 %
6.2 %
16
18 Washington
7.4 %
5.5 %
40
19 New Hampshire
7.3 %
6.3 %
11
19 New York
7.3 %
5.7 %
34
21 Georgia
7.3 %
6.0 %
26
22 Minnesota
7.3 %
5.6 %
37
23 Utah
7.2 %
6.2 %
17
24 Michigan
7.2 %
5.5 %
42
25 Delaware
7.2 %
6.4 %
9
26 West Virginia
7.1 %
6.2 %
18
27 North Carolina
7.0 %
5.7 %
32
27 South Dakota
7.0 %
6.1 %
22
29 Kentucky
6.9 %
5.8 %
29
29 Massachusetts
6.9 %
5.6 %
39
31 South Carolina
6.9 %
6.1 %
19
32 Maryland
6.9 %
6.1 %
19
33 Mississippi
6.9 %
6.3 %
13
34 Texas
6.8 %
5.1 %
49
35 Oklahoma
6.8 %
6.4 %
9
36 Illinois
6.8 %
5.4 %
45
37 Arizona
6.7 %
5.6 %
37
38 Connecticut
6.7 %
5.7 %
34
38 Kansas
6.7 %
5.9 %
27
40 Missouri
6.6 %
5.8 %
28
41 Alabama
6.6 %
6.0 %
25
42 Virginia
6.5 %
5.7 %
31
43 Tennessee
6.4 %
5.3 %
47
44 Arkansas
6.4 %
5.3 %
48
44 Nebraska
6.4 %
6.1 %
21
46 Indiana
6.3 %
5.4 %
44
47 Ohio
6.3 %
5.5 %
40
48 Pennsylvania
6.3 %
5.0 %
50
49 Iowa
6.2 %
5.7 %
36
50 Wisconsin
5.9 %
5.3 %
46
Dist . of Columbia
6.9 %
5.1 %
United States
7.1 %
5.7 %
During 2021 , Washington had the 18th highest rate of establishment openings and the 11th lowest rate of closings .