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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. 48: Kentucky (No. 40 in 2017)

Number Of Solution Provider 500 Companies: Four

Kentucky's overall ranking is pulled down by its low scores for entrepreneurship (No. 47) and taxes/regulations (No. 48). The technology sector accounts for only 4 percent of the state's total gross state product and employed 94,021 in 2017, down by 55 from one year earlier.

The Bluegrass State is ranked No. 33 on the Tax Foundation's 2018 State Business Tax Climate Index because of its high unemployment insurance and property taxes.

Kentucky ranked No. 43 for the overall education and experience of its workforce: 70.9 percent of the workforce doesn't have a four-year college degree.

Kentucky did rank No. 9 for personal cost of living/quality of life, largely due to its low median monthly housing costs (at $675, third lowest among the states) and median rental costs (fourth lowest at $769 for a two-bedroom apartment). But the state is also ranked No. 47 for median household income ($45,369).

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