Written by Julie Bawden Davis for Stacker.com
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Cultivating innovation and contributing millions of jobs to the U.S. economy, new businesses are significant drivers for the nation’s growth and progress. They are instrumental in revitalizing industries and communities and in creating opportunity. In fact, new businesses (between 1 and 3 years old) contributed about 1 in every 15 jobs to the economy in 2022. As new businesses set up shop, settle in and focus on expanding, they require an increasing number of employees to meet demand and sustain growth.
The number of jobs new businesses create varies widely from state to state, and some states significantly outpace others by this measure. To determine the top 10 states with the highest proportion of jobs from new businesses, the data and research team at Swyft Filings analyzed the most recent data published by the Bureau of Labor Statistics.