Special Report
The Odds Your New Business Will Fail in Every State
May 24, 2022 12:00 pm
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40. California
> Business that fail within 5 years: 47.3%
> Average establishment age: 10.8 years (2nd lowest)
> Unemployment rate, March 2022: 4.9% (4th highest)
> Small business count: 86.1% of all establishments (8th highest)
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39. Kentucky
> Business that fail within 5 years: 47.9%
> Average establishment age: 15.0 years (19th highest)
> Unemployment rate, March 2022: 4.0% (20th highest)
> Small business count: 77.8% of all establishments (3rd lowest)
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38. Iowa
> Business that fail within 5 years: 47.9%
> Average establishment age: 16.7 years (the highest)
> Unemployment rate, March 2022: 3.3% (21st lowest)
> Small business count: 82.9% of all establishments (23rd highest)
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37. North Dakota
> Business that fail within 5 years: 48.1%
> Average establishment age: 15.8 years (11th highest)
> Unemployment rate, March 2022: 2.9% (14th lowest)
> Small business count: 84.7% of all establishments (15th highest)
Source: Sean Pavone / iStock via Getty Images
36. Michigan
> Business that fail within 5 years: 48.3%
> Average establishment age: 15.1 years (18th highest)
> Unemployment rate, March 2022: 4.4% (11th highest)
> Small business count: 83.1% of all establishments (22nd highest)
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