Sign Up

For the latest Connecticut news, straight to your inbox.

CT Ranked 7th-Worst State to Start a Business

July 10, 2017 By Staff
CT Ranked 7th-Worst State to Start a Business

The WalletHub rankings is another indicator that Connecticut is a tough state to do business in, and with.

Last week, WalletHub analysts ranked the 50 U.S. states “to determine the most fertile grounds in which to launch and grow an enterprise.” Connecticut ranked 44th out of 50.

Source: WalletHub

Connecticut received a “total score” of 39.95 out of 100. For comparison’s sake, the top-ranked state, North Dakota, received a score of 69.38. The worst state, New Jersey, received a score of 34.54.

Connecticut was ranked 8th in “access to resources,” but 34th in “business environment” and second-to-last – 49th – in “business costs.”

Connecticut was also ranked as one of the states with the “highest labor costs,” at 47th out of 50.

The Republican Governors Association (RGA) pounced on the news, saying “Connecticut’s poor fiscal shape has been routine under Democrat Governor Dan Malloy and his fellow Democrat allies.”