2024 Competitiveness Redbook | Page 16

Source : U . S . Bureau of Labor Statistics TABLE 9
Opening and Closing Rates of Establishments ( Q2 2021 – Q1 2022 )
Rank
Average Quarterly Entry Rate
Average Quarterly Exit Rate
Rank
1 Florida
6.2 %
4.2 %
1
2 Nevada
5.6 %
3.0 %
19
3 Idaho
5.4 %
3.3 %
7
4 Rhode Island
5.2 %
3.5 %
3
5 Vermont
5.1 %
2.9 %
24
6 Georgia
5.0 %
3.3 %
5
6 Utah
5.0 %
3.4 %
4
8 New Hampshire
4.8 %
3.1 %
14
9 South Carolina
4.8 %
2.9 %
24
10 New Jersey
4.8 %
2.7 %
33
11 Delaware
4.7 %
3.3 %
8
11 Maine
4.7 %
2.8 %
30
13 Arizona
4.7 %
3.3 %
5
14 Montana
4.6 %
3.1 %
13
14 Washington
4.6 %
2.4 %
45
16 Missouri
4.6 %
3.6 %
2
17 Colorado
4.5 %
3.2 %
9
18 Massachusetts
4.4 %
3.0 %
19
19 Tennessee
4.4 %
2.6 %
39
20 Connecticut
4.4 %
2.8 %
31
21 Hawaii
4.3 %
2.9 %
23
22 North Carolina
4.1 %
2.8 %
28
23 Alaska
4.1 %
3.0 %
21
23 Virginia
4.1 %
3.1 %
14
25 Wyoming
4.0 %
3.0 %
17
26 South Dakota
4.0 %
2.5 %
41
27 Arkansas
4.0 %
3.2 %
10
27 New Mexico
4.0 %
3.2 %
11
29 California
3.9 %
2.4 %
48
30 Kentucky
3.9 %
2.9 %
22
30 New York
3.9 %
2.8 %
28
30 Texas
3.9 %
2.7 %
33
33 Kansas
3.8 %
2.9 %
27
34 West Virginia
3.8 %
2.7 %
36
35 Maryland
3.8 %
3.0 %
18
36 Oklahoma
3.7 %
3.1 %
16
37 Wisconsin
3.7 %
2.6 %
38
38 Alabama
3.7 %
2.5 %
41
39 Michigan
3.7 %
2.6 %
39
40 Illinois
3.6 %
2.9 %
26
41 Oregon
3.6 %
3.2 %
11
42 Pennsylvania
3.4 %
2.2 %
50
43 Minnesota
3.4 %
2.6 %
37
44 Indiana
3.3 %
2.4 %
45
44 Louisiana
3.3 %
2.8 %
32
44 North Dakota
3.3 %
2.7 %
33
47 Mississippi
3.2 %
2.5 %
43
48 Nebraska
3.1 %
2.5 %
44
48 Ohio
3.1 %
2.4 %
45
50 Iowa
2.9 %
2.3 %
49
Dist . of Columbia
5.1 %
3.5 %
United States
4.1 %
2.8 %
During 2021 , Washington had the 14th highest rate of establisment openings and the 6th lowest rate of closings .