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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. 47: Arkansas (No. 43 in 2017)

Number Of Solution Provider 500 Companies: One

Arkansas was ranked a poor No. 49 for entrepreneurship and innovation and a mediocre No. 36 for business climate/competitive environment–the latter pulled down by the state's anemic 1.1 percent GDP growth in 2017.

The Natural State ranked No. 45 in workforce education and experience: 72.6 percent of the workforce doesn't have a four-year college degree. Its total technology employment (59,428) in 2017 represented a gain of 510.

The state's No. 34 rank for taxes and regulations is pulled down by its 6.5 percent sales tax and 6.5 percent corporate income tax.

Arkansas does have the lowest labor and electricity costs among the 50 states and is ranked No. 2 in cost of living by CNBC America's Top States For Business 2018: A two-bedroom apartment rents for $722 a month, lowest in the U.S.

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