Rankings show Oklahoma a great place to start a businessPublished: Tuesday, July 10, 2018 By: Scott Meacham Source: NewsOK
In entrepreneurship, just like anything else, ratings and rankings are important, if for no other reason than they help shape how we view ourselves. Therefore, it's important to know how Oklahoma stacks up to other states, especially states that are most like us.
Oklahoma was recently ranked No. 5 in WalletHub's Best States to Start a Business. Building an innovation economy is arduous. It takes decades, so it's always encouraging and reinforcing to receive good results from credible and impartial outside sources.
The WalletHub assessment compared all 50 states in terms of business environment, access to resources, and business costs. Inside these categories, calculations included measures such as the state's share of fast-growing firms, five-year business survival rates, access to human talent, capital and taxes, cost of living, and sources of financing and capital.
In short, Oklahoma ranked fifth on a comprehensive list of the most important factors that contribute to a successful ecosystem for new business creation in any geography. That's a true accounting of this state's investment in its innovation economy.