
Connecticut Ranks Low For Entrepreneurs In WalletHub’s Latest Report
Welcome to Connecticut, land of former industrial sites left to rot into a brownfield, and empty commercial space everywhere. Do you think our home is a good place to start a business in 2026? According to a recent study, we're among the worst.

Take a broad view of the types of businesses that thrive in Connecticut? Can't come up with any? Yeah, that's the point. Smoke shops, nail salons, national fast-food retailers, and fitness studios. Every town and the state want a piece of your pie, and it's getting worse.
According to WalletHub.com's Best & Worst States to Start a Business (2026), Connecticut, the Tri-State area, and New England comprise most of the Top 10 worst places in the US in 2026. Connecticut has been ranked at #47, while our neighbor Rhode Island has landed at the very bottom.
In order to determine their rankings WalletHub compared the 50 states across three key dimensions: Business Environment, Access to Resources, and Business Costs. Those dimensions were further evaluated using 25 relevant metrics: Average Length of Workweek, Growth in Number of Small Businesses, Five-Year Business Survival Rate, Job Growth, GDP Growth, Financing Accessibility, Office Space Affordability, Cost of Living, and Corporate Taxes.
Connecticut was found to rank at #41 in Business Environment, #16 in Access to Resources, and #45 in business costs, with the fourth-lowest average growth in number of small businesses. Only Hawaii, Maryland, and Rhode Island ranked lower, while New Jersey, New York, Pennsylvania, and New Hampshire ranked right behind Connecticut. The best places to start a new business in 2026? Florida, Utah, and Texas.
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