North Dakota has the best 10-year survival rate for all businesses in the country. Unemployment is exceptionally low, and the cost of living goes easy on anyone’s wallet.

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If superlative characteristics are important to a business, then the business really has but one choice, and that’s to raise the high end of the salary range.

But they would likely have to do that anyway.

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The federal government is working to offer business owners unique recession business funding opportunities for these unique times during the coronavirus pandemic. Some states are following suit. Do you know what’s available to you at both the federal and the state level?

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There are many steps to starting a business.  It is important to start on a firm foundation. Then, when the twists and turns come, you can be safely secured in your seat.  That means ensuring you have a name and EIN, and all the licenses and registrations necessary at each level of government. Also, make sure that you are legally incorporated.  

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Find out how to start a new business in Idaho.

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Business Insider named Wyoming as the top state in the entire nation to start a new business in, per an article published in 2016.

Why? The sales tax rate is low. Also, they do not even have any corporate income tax, individual income tax, or gross receipts tax. There is also a thriving startup scene. Wyoming is fourth in the nation for startup companies.

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South Dakota has a decent rate of new business owners. South Dakota also has the second best business tax climate. But the pool of potential workers to hire is small in the state. South Dakota has the lowest percentage of available employees at 0.52%.

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Montana has a ranking near the top for key economic indicators. These are items like export growth, entrepreneurial activity, long term job growth, small business lending and business birth rate.

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