EVOLVE News
FLORIDA RANKED NO . 1 for Startup Success
Realtors say the three most important things when buying property are “ location , location , location .” But entrepreneurs thinking about starting a business should also be focused on where they plan to plant the seeds for success and Florida should be at the top of their list , according to a report from personal finance company WalletHub .
“ Florida is the best state for starting a business in 2025 , boasting the second-most startups per capita and the highest percentage of adults who engage in entrepreneurship ,” the report said . “ The number of small businesses in the state grew by nearly 16 % between 2016 and 2022 , the fourth-highest percentage in the country .”
The WalletHub compared 25 key indicators of success in all 50 states from financing accessibility to labor costs and office space availability . Florida topped the list , followed by Georgia , Utah , Texas and Idaho rounding out the Top 5 .
The results came as no surprise to local economic development professionals , including Scott Maynard , senior vice president of economic development and public policy at the St . Johns County Chamber of Commerce .
“ It always depends on the business , but St . Johns County has a tremendous draw for new residents ,” he said . “ We boast the No . 1 school district in the state as well as being voted the healthiest county in the state . St . Johns has a highly educated population and very low unemployment .”
Maynard said the availability of incentives to attract new business development can be an important part of success for entrepreneurs and the community as a whole .
| 30 | EVOLVE MAGAZINE | Evolve-Success . com