Expertise.com Ranks South Dakota Least Costly Place to Start a Business but with Fewest Available Resources

LOS ANGELES, Apr. 28, 2021 /PRNewswire-PRWeb/ -- Expertise.com, a top resource for online reviews and the best local experts, has published findings from a recent study on the best and worst states for Americans to start a small business in 2021. Researched applied a comprehensive methodology using 24 business-focused metrics. The report offers total scores for each state and rankings based on new business environment, available resources, and business costs.

South Dakota earned the top spot for business costs as it's the least expensive state to start and run a business. The state has one of the lowest median hourly wages and monthly rental rates and has the second-best State Business Tax Climate Index.
However, the state ranked 50th in the available resources category for having the least available resources for new small businesses. The state earned low scores for loan availability, number of higher education institutions, and working-age population.

"Despite the ongoing pandemic, many states have seen a surge in new business applications," says David Franklin, CEO Expertise.com. "Our in-depth study was developed to help entrepreneurs identify the pros and cons of starting a business in a place like South Dakota."

Expertise.com evaluated all 50 states and calculated an overall score using a 10-point scale for each metric. The report highlights three subcategories with corresponding metrics, such as job growth, available loans, median hourly wage, and corporate taxes. To view the complete list of best and worst states for starting a small business in 2021, visit: https://www.expertise.com/research/best-and-worst-states-for-starting-a-small-business-in-2021

ABOUT EXPERTISE.COM
Expertise.com identifies leading service professionals in over 200 industries across the top cities in the United States. The company provides authentic online reviews of service providers via a selection process that includes in-depth research, detailed comparisons, customer feedback, and mystery shopping. Expertise.com is based in Los Angeles, California, and backed by a team of marketing, research, and content development experts. To learn more, visit https://www.expertise.com/
###

Media Contact

Julia Morrissey, Expertise.com, (877)-769-7769, [email protected]

SOURCE Expertise.com