2017 Best States To Start A Solution Provider Business: State Details


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2017
Overall Rank

30

2016 Overall Rank47
Rank Change 2016-2017↑ 17

Labor/Operating Costs
Overall Rank

38

Labor Costs - Cost Of Doing Business Rank37
Energy Costs - Electric Rank38
Energy Costs - Electric11.50 (Cents per Kilowatthour)
State Unemployment Rate Rank34
State Unemployment Rate4.6%
Union Affiliation Of Employed Wage And Salary Workers By State Rank20
Union Affiliation Of Employed Wage And Salary Workers By State8.1%
Number Of Jobs Added In 2016 Rank 25
Number Of Jobs Added In 2016 1,966,850
Number Of Jobs Added - Percent Change By State Rank36
Number Of Jobs Added - Percent Change By State1.0%

Experience And Education Of Workforce
Overall Rank

40

Education Rank47
Share Of Labor Force Without A Four-Year College Degree Rank43
Share Of Labor Force Without A Four-Year College Degree71.9%
Percent Of People 25 Years And Over Who Have Completed An Advanced Degree Rank40
Percent Of People 25 Years And Over Who Have Completed An Advanced Degree8.8%
Postings For Tech Occupations Job Openings (Q4 2016) Rank25
Postings For Tech Occupations Job Openings (Q4 2016)7234
Percent Of U.S. Private Sector Workers Employed By Tech Industry Firms Rank21
Percent Of U.S. Private Sector Workers Employed By Tech Industry Firms5.1%

Entrepreneurship And Innovation
Overall Rank

42

Rate Of Startup Growth - 2017 Kauffman Index Rank12
Rate Of New Entrepreneurs- 2017 Kauffman Index Rank39
Startup Survival Rate - 2017 Kauffman Index Rank35%
U.S State Innovation Index - Bloomberg Rank38
Technology And Innovation - CNBC Rank31
Tech Sector As A Percent Of Total Gross State Product Rank25
Tech Sector As A Percent Of Total Gross State Product5.5%
SBA Loans Per 100,000 People Rank44
SBA Loans Per 100,000 People15.38
Incentive Programs Currently Offered In Each State, By Number Of Programs Rank29
Incentive Programs Currently Offered In Each State29
Tech Industry Employment Rank24
Tech Industry Employment79619
Tech Business Establishments Rank27
Tech Business Establishments5,848
Venture Capital Funding Per 100,000 People 2014- 2015 - Rank44
Venture Capital Funding Per 100,000 People 2014- 2015$224,647
Patent Counts By State (2013 - 2015) Rank35
Patent Counts By State (2013 - 2015)1,476

State Infrastructure
Overall Rank

17

Average Peak Internet Speeds Rank36
Average Peak Internet Speeds44 Mbps
Number Of Public Use Airports Rank17
Number Of Public Use Airports74
Annual Passenger Trips Via Transit Systems Including Bus, Transit, And Commuter Trains Rank38
Annual Passenger Trips Via Transit Systems Including Bus, Transit, And Commuter Trains8,717,476
Miles Of Public Roads Rank18
Miles Of Public Roads102,019
Percent Of Roads In Poor Condition Rank1
Percent Of Roads In Poor Condition2%
Number Of Major Disaster Declarations By State80
Number Of Major Disaster Declarations By State Rank39
Natural Disater Preparedness Rank20
See also CRN's look at ALABAMA.

Taxes And Regulation
Overall Rank

14

Sales Tax Rank48
Corporate Tax Rank14
Property Tax Rank16
Unemployment Insurance Tax Rank14
Small Business Tax Index Rank7

Business Climate/Competitive Environment
Overall Rank

32

Number Of Private Sector Firms Per State 201695,620
Number Of Private Sector Firms Per State 2016 Rank26
Economic Climate Rank44
Economic Expansion/Development Rank - State Rank Access To Capital Rank29
Economy State Rank26
Total Number Of Small (<$10M) And Midsize ($10M-$999M) Businesses210,193
Total Number Of Small (<$10M) And Midsize ($10M-$999M) Businesses Rank29
Solution Providers By State (Competitive Saturation) Rank25
Solution Providers By State (Competitive Saturation)1,297
Population Rank24
Population4,863,300
GDP (Millions Of Current Dollars - 2016) Rank27
GDP (Millions Of Current Dollars - 2016)$204,861
Real Gross Domestic Product (GDP) Growth By State Rank22
Real Gross Domestic Product (GDP) Growth By State1.3%
Number Of Policies & Incentives For Renewables & Efficiency Rank42
Number Of Policies & Incentives For Renewables & Efficiency37
The Alltransittm Performance Score Rank50

Personal Cost Of Living/Quality Of Life
Overall Rank

17

Cost Of Living Rank12
Individual Income Tax Rank22
Sales Tax Rank32
Median HHI Rank47
Median HHI$43,623
Violent Crimes Rank32
Violent Crimes22,952
Median Monthly Housing Costs (Dollars) Rank8
Median Monthly Housing Costs (Dollars)$717
State General Sales Tax Collections Per Capita Rank8
State General Sales Tax Collections Per Capita494
Quality Of Life Rank50
State Gasoline Tax Rates Rank14
State Gasoline Tax Rates22.91 (Cents Per Gallon)
Median Rent 2 Bedroom Apt. Rank11
Median Rent 2 Bedroom Apt.$800
Average Wage In Tech Industry Rank28
Average Wage In Tech Industry$82,428

Additional State Data

Average Temperatures By State (Feb 2016-Jan 2017)66°
Average Temperatures By State (Feb 2016-Jan 2017) Rank7
Number Of Major Sports Teams0
Major Sports Teams Rank28
Number Of Colleges & Universities By State129
Current GovernorKay Ivey
Governor's PartyRepublican
Largest SP 500 Organization Headquartered In StateTekLinks
Official State BirdNorthern Flicker (woodpecker)
Official State FlowerCamellia
Official State InsectThe Monarch butterfly
Official State SongAlabama
State Bird: Northern Flicker (woodpecker). Listen:  

Although taken from public sources of information, the rankings for our BEST STATES are weighted based on the importance that Solution Providers give to each of the criteria measured.

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