Special Report
The Odds Your New Business Will Fail in Every State
May 24, 2022 12:00 pm
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35. North Carolina
> Business that fail within 5 years: 48.4%
> Average establishment age: 13.0 years (14th lowest)
> Unemployment rate, March 2022: 3.5% (25th lowest)
> Small business count: 80.5% of all establishments (15th lowest)
Source: Sean Pavone / iStock via Getty Images
34. Wisconsin
> Business that fail within 5 years: 48.5%
> Average establishment age: 15.9 years (8th highest)
> Unemployment rate, March 2022: 2.8% (12th lowest)
> Small business count: 82.1% of all establishments (24th lowest)
24/7 Wall St.
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33. Illinois
> Business that fail within 5 years: 48.5%
> Average establishment age: 14.9 years (22nd highest)
> Unemployment rate, March 2022: 4.7% (6th highest)
> Small business count: 83.4% of all establishments (19th highest)
Source: Kruck20 / iStock via Getty Images
32. Colorado
> Business that fail within 5 years: 48.5%
> Average establishment age: 11.7 years (6th lowest)
> Unemployment rate, March 2022: 3.7% (22nd highest)
> Small business count: 84.5% of all establishments (16th highest)
Source: Sean Pavone / iStock via Getty Images
31. Tennessee
> Business that fail within 5 years: 48.7%
> Average establishment age: 13.6 years (19th lowest)
> Unemployment rate, March 2022: 3.2% (19th lowest)
> Small business count: 76.1% of all establishments (the lowest)
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