Wisconsin has the second highest chance of a small business surviving at 64.93% on a three-year average, according to a new study.
Capital on Tap, a business credit card business, conducted new research to determine the U.S. states with the highest chance of survival for a small business in a three-year and five-year time frame.
The study analyzed data from the U.S. Bureau of Labor Statistics to reveal the percentage of start-ups that are still active after three years.
The chance of survival in Wisconsin after three years of opening is nearly five percentage points higher than the national average of 60.27%.
Wisconsin is also almost six percentage points higher than the national average for a five-year survival rate (49.21%), according to the study. Read more.