More Colorado top industries include bio science; defense and homeland security; and electronics. Colorado also has top industries in financial services; energy and natural resources.

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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 Arizona Department of Health Services can now waive licensing requirements to provide healthcare officials with assistance in delivering services. The Governor has communicated with the SBA, seeking an Economic Injury Disaster Loan declaration. This will make it possible to get government backed small business loans.

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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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New Mexico has a per capita GDP about $7,000 below the national average.

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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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As might be expected, the Church of Jesus Christ of Latter Day Saints (Mormons) is very big in Utah. Hence new business owners might see opportunities in catering to this particular niche. This can be with businesses in sectors such as food service, apparel, or even publishing and book binding.

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There are more than 100 startup companies per 1,000 firms in Nevada. The state also has the highest percentage of available employees in the country.

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