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AdvisorSmith uses more than 20 factors to rank states on entrepreneurial climate

With “Innov865 Week” underway, we thought this ranking of states for their entrepreneurial ecosystems would be timely.

The analysis comes from AdvisorSmith, a New York City-based enterprise that is described as an information resource for small business owners. The company examined more than 20 indicators of the health of the business environment in states across the nation using data from numerous sources, including the U.S. Bureau of Labor Statistics and the Small Business Administration. Some of the factors AdvisorSmith considered included personal and corporate tax policies, rates of business formation and hiring for new businesses, funding availability, and business survival rates.

So, according to the methodology, where did Tennessee rank? The Volunteer State was #23. You can find the report and the rankings of all 50 states plus the District of Columbia here.

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