Report also praises the state’s transportation and trade.
Silicon Valley may get much of the attention when it comes to startups, but other states are showing they deserve acknowledgement, too. In fact, Georgia tied for fourth in the country for new startup rates, according to a new study. California tied for 10th.
The sixth annual “Enterprising States: States Innovate,” a report from the U.S. Chamber of Commerce Foundation, ranked states on a whole host of factors relating to business climate.
In addition to startup rates, Georgia also did well in transportation and trade (fourth in the country) and short-term job growth (11th).
Georgia’s other rankings include:
- Small business lending: 15th
- Long-term job growth: 19th
- U.S. Business Policy Index: 19th
- Cost of living: 19th
- Legal environment: 23rd
The report particularly noted Georgia’s tech efforts, including adding 25,000 new jobs in the sector since 2010. It pointed out that the Enterprise Innovation Institute (EI2) at Georgia Tech is the nation’s largest university-based program to assist businesses and industry, commercialize technology and develop the economy.
Looking at Georgia’s neighbors, Florida scored well in overall business climate (fourth) while South Carolina ranked second for transportation and trade.
