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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. 46: Hawaii (No. 47 in 2017)

Number Of Solution Provider 500 Companies: Zero

Hawaii is often ranked in the bottom five of our study because of its high costs. The state ranked No. 49 in personal cost of living and quality of life due to its highest-in-the-nation median monthly housing costs ($1,438), high rental costs, and high personal income tax (11 percent, second only to California's 13.3 percent personal income tax).

The Aloha State is ranked a low No. 42 in entrepreneurship and innovation and a low No. 41 in business climate and competitive environment. The state's GDP grew a lackluster 1.7 percent in 2017 and the tech sector represents only 3.8 percent of total gross state product–among the lowest 10 states.

Hawaii was No. 50 in the WalletHub 2018 Best States to Start a Business ranking.

Hawaii is ranked No. 28 for workforce education and experience: 68.0 percent of its workforce doesn't have a four-year degree.

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