Special Report
The Odds Your New Business Will Fail in Every State
May 24, 2022 12:00 pm
Source: Sean Pavone / iStock via Getty Images
30. Texas
> Business that fail within 5 years: 48.8%
> Average establishment age: 12.9 years (12th lowest)
> Unemployment rate, March 2022: 4.4% (11th highest)
> Small business count: 79.8% of all establishments (11th lowest)
Source: SeanPavonePhoto / iStock via Getty Images
29. Pennsylvania
> Business that fail within 5 years: 48.8%
> Average establishment age: 15.9 years (9th highest)
> Unemployment rate, March 2022: 4.9% (4th highest)
> Small business count: 80.8% of all establishments (17th lowest)
Source: DenisTangneyJr / E+ via Getty Images
28. Utah
> Business that fail within 5 years: 49.2%
> Average establishment age: 11.1 years (4th lowest)
> Unemployment rate, March 2022: 2.0% (2nd lowest)
> Small business count: 85.7% of all establishments (10th highest)
Source: SeanPavonePhoto / iStock via Getty Images
27. Mississippi
> Business that fail within 5 years: 49.2%
> Average establishment age: 16.0 years (5th highest)
> Unemployment rate, March 2022: 4.2% (14th highest)
> Small business count: 78.6% of all establishments (7th lowest)
Source: Kruck20 / iStock via Getty Images
26. Alabama
> Business that fail within 5 years: 49.2%
> Average establishment age: 14.7 years (23rd highest)
> Unemployment rate, March 2022: 2.9% (14th lowest)
> Small business count: 78.1% of all establishments (4th lowest)
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