2025 Competitiveness RedbookLive | Page 16

Source : U . S . Bureau of Labor Statistics TABLE 9
Opening and Closing Rates of Establishments ( Q2 2023 – Q1 2024 )
Rank
Average Quarterly Entry Rate
Average Quarterly Exit Rate
Rank
1 Alaska
10.1 %
9.5 %
1
2 Wyoming
8.5 %
8.4 %
2
3 Montana
8.1 %
7.9 %
3
4 Idaho
7.9 %
7.4 %
4
5 Maine
7.3 %
7.1 %
5
6 Arizona
7.2 %
6.3 %
12
7 Vermont
7.1 %
7.1 %
6
8 Colorado
6.8 %
7.0 %
7
9 North Dakota
6.8 %
6.4 %
8
10 Utah
6.8 %
6.4 %
10
11 Rhode Island
6.7 %
6.4 %
10
12 West Virginia
6.5 %
6.1 %
16
13 New Mexico
6.5 %
6.2 %
13
13 South Dakota
6.5 %
6.0 %
20
15 Nevada
6.4 %
5.8 %
26
15 South Carolina
6.4 %
6.0 %
20
17 California
6.4 %
6.2 %
13
18 Florida
6.3 %
5.8 %
25
18 New Hampshire
6.3 %
6.2 %
15
20 Oregon
6.3 %
6.4 %
9
21 Maryland
6.3 %
6.1 %
16
22 Louisiana
6.2 %
6.0 %
19
23 Georgia
6.1 %
6.0 %
22
24 Delaware
6.1 %
5.8 %
23
25 Mississippi
6.1 %
6.1 %
16
26 Oklahoma
6.1 %
5.8 %
26
27 Nebraska
6.0 %
5.6 %
36
28 Alabama
6.0 %
5.7 %
29
29 New Jersey
6.0 %
5.8 %
23
30 Iowa
5.9 %
5.8 %
28
31 New York
5.9 %
5.6 %
36
32 Virginia
5.9 %
5.6 %
32
32 Washington
5.9 %
5.6 %
34
34 North Carolina
5.9 %
5.6 %
38
35 Connecticut
5.9 %
5.7 %
31
36 Kansas
5.8 %
5.7 %
29
37 Arkansas
5.8 %
5.5 %
41
38 Missouri
5.8 %
5.6 %
32
38 Tennessee
5.8 %
5.4 %
44
40 Kentucky
5.7 %
5.4 %
43
41 Texas
5.7 %
5.3 %
47
42 Hawaii
5.6 %
5.6 %
38
43 Indiana
5.5 %
5.4 %
44
44 Minnesota
5.5 %
5.6 %
34
45 Massachusetts
5.5 %
5.5 %
40
45 Michigan
5.5 %
5.5 %
42
47 Wisconsin
5.5 %
5.4 %
44
48 Ohio
5.4 %
5.3 %
48
49 Pennsylvania
5.2 %
5.0 %
50
50 Illinois
5.1 %
5.1 %
49
Dist . of Columbia
5.3 %
5.3 %
United States
6.0 %
5.8 %
Washington had the 32nd highest rate of establishment openings and the 17th lowest rate of closings .