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Top States For Business In 2018: Starting A Solution Provider Company

Which states offer the most business opportunities, have an entrepreneurial culture or provide the most educated workforce for a solution provider startup? See how your state ranks in providing the resources needed—or hinders growth with taxes, regulations and other obstacles.

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No. 50: West Virginia (No. 50 in 2017)

Number Of Solution Provider 500 Companies: Zero

West Virginia ranked No. 50 in this year's Best States study–the fourth year in a row the Mountain State has come in last among the states.

Finding technical talent in West Virginia is tough: It ranked No. 48 in the education and experience levels of its workforce (behind only Louisiana and Mississippi). More than 73 percent of Louisiana's labor force lacks a four-year degree and the state ranked No. 49 in a WalletHub study of the most and least educated states in America.

The tech industry employed 30,311 people in the state in 2017, down 265 from the year before –one of only 13 states whose technology industry lost employees last year.

West Virginia's GDP grew 2.6 percent in 2017. Nevertheless, the state was ranked No. 50 in entrepreneurship and innovation–the state was No. 45 in the WalletHub 2018 Best States to Start a Business ranking and No. 50 in the CNBC Technology and Innovation Rank.

West Virginia was No. 25 for taxes and regulations in our research. The Tax Foundation ranked the state No. 19 on its 2018 State Business Tax Climate Index, which calculates the overall tax burden on businesses from a state's corporate, individual income, sales/local, property and unemployment insurance taxes.

 
 
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