Special Report
The Odds Your New Business Will Fail in Every State
May 24, 2022 12:00 pm
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45. South Dakota
> Business that fail within 5 years: 45.3%
> Average establishment age: 15.9 years (7th highest)
> Unemployment rate, March 2022: 2.5% (8th lowest)
> Small business count: 87.4% of all establishments (5th highest)
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44. Idaho
> Business that fail within 5 years: 45.7%
> Average establishment age: 11.7 years (7th lowest)
> Unemployment rate, March 2022: 2.7% (11th lowest)
> Small business count: 86.7% of all establishments (6th highest)
24/7 Wall St.
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43. Indiana
> Business that fail within 5 years: 46.3%
> Average establishment age: 15.9 years (10th highest)
> Unemployment rate, March 2022: 2.2% (3rd lowest)
> Small business count: 78.3% of all establishments (5th lowest)
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42. Maine
> Business that fail within 5 years: 46.6%
> Average establishment age: 15.2 years (17th highest)
> Unemployment rate, March 2022: 3.6% (24th highest)
> Small business count: 86.6% of all establishments (7th highest)
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41. Louisiana
> Business that fail within 5 years: 47.3%
> Average establishment age: 15.3 years (16th highest)
> Unemployment rate, March 2022: 4.2% (14th highest)
> Small business count: 81.5% of all establishments (20th lowest)
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