Here are some business stats and facts for each of the 50 states.
General Stats:
State | GDP (in millions USD) | GDP Per Capita | Median household income | Real GDP Growth Rate | % of National Economy |
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Alabama | $300,152 | $59,174 | $59,609 | 2.50% | 1.10% |
Alaska | $67,337 | $92,272 | $86,370 | 5.30% | 0.25% |
Arizona | $508,344 | $68,965 | $72,581 | 2.70% | 1.86% |
Arkansas | $176,240 | $57,657 | $56,335 | 2.50% | 0.64% |
California | $3,862,171 | $100,038 | $91,905 | 2.10% | 14.11% |
Colorado | $520,389 | $89,469 | $87,598 | 2.90% | 1.90% |
Connecticut | $340,181 | $94,876 | $90,213 | 2.10% | 1.24% |
Delaware | $93,595 | $91,207 | $79,325 | -1.20% | 0.34% |
Washington DC | $174,796 | $259,938 | $101,722 | 1.00% | 0.64% |
Florida | $1,579,503 | $70,557 | $67,917 | 5.00% | 5.77% |
Georgia | $805,397 | $73,558 | $71,355 | 0.80% | 2.94% |
Hawaii | $108,023 | $75,946 | $94,814 | 2.00% | 0.40% |
Idaho | $118,791 | $60,980 | $70,214 | 3.50% | 0.43% |
Illinois | $1,082,968 | $87,033 | $78,433 | 1.30% | 3.96% |
Indiana | $497,036 | $73,047 | $67,173 | 1.40% | 1.82% |
Iowa | $248,923 | $78,209 | $70,571 | 1.30% | 0.91% |
Kansas | $226,012 | $78,348 | $69,747 | 4.30% | 0.83% |
Kentucky | $277,747 | $61,961 | $60,183 | 3.50% | 1.01% |
Louisiana | $309,601 | $68,507 | $57,852 | 3.00% | |
Maine | $91,081 | $65,785 | $68,251 | 1.90% | 0.33% |
Maryland | $512,280 | $83,565 | $98,461 | 2.10% | 1.87% |
Massachusetts | $733,860 | $105,884 | $96,505 | 1.80% | 2.68% |
Michigan | $658,992 | $66,198 | $68,505 | 1.50% | 2.41% |
Minnesota | $471,820 | $82,885 | $84,313 | 1.20% | 1.72% |
Mississippi | $146,401 | $49,911 | $52,985 | 0.70% | 0.54% |
Missouri | $422,306 | $68,623 | $65,920 | 2.20% | 1.54% |
Montana | $70,560 | $62,753 | $66,341 | 2.20% | 0.26% |
Nebraska | $178,421 | $91,553 | $71,722 | 5.20% | 0.65% |
Nevada | $239,398 | $75,585 | $71,646 | 2.70% | 0.87% |
New Hampshire | $111,102 | $79,929 | $90,845 | 1.20% | 0.41% |
New Jersey | $799,305 | $86,847 | $97,126 | 1.50% | 2.92% |
New Mexico | $130,202 | $62,209 | $58,722 | 4.10% | 0.47% |
New York | $2,152,262 | $110,781 | $81,386 | 0.70% | 7.86% |
North Carolina | $766,919 | $71,373 | $66,186 | 2.70% | 2.80% |
North Dakota | $74,113 | $95,082 | $73,959 | 5.90% | 0.27% |
Ohio | $872,748 | $74,739 | $66,990 | 1.20% | 3.19% |
Oklahoma | $254,134 | $63,390 | $61,364 | 5.30% | 0.93% |
Oregon | $316,461 | $75,477 | $76,632 | 2.10% | 1.15% |
Pennsylvania | $965,067 | $75,189 | $73,170 | 2.20% | 3.53% |
Rhode Island | $77,322 | $71,122 | $81,370 | 1.60% | 0.28% |
South Carolina | $322,259 | $60,550 | $63,623 | 3.60% | 1.18% |
South Dakota | $72,421 | $79,412 | $69,457 | 2.50% | 0.26% |
Tennessee | $523,240 | $74,081 | $64,035 | 3.20% | 1.91% |
Texas | $2,563,508 | $85,110 | $73,035 | 5.70% | 9.37% |
Utah | $272,586 | $80,476 | $86,833 | 2.50% | 0.99% |
Vermont | $43,130 | $67,006 | $74,014 | 1.30% | 0.16% |
Virginia | $707,085 | $81,794 | $87,249 | 2.40% | 2.59% |
Washington | $801,515 | $103,462 | $90,325 | 1.80% | 2.93% |
West Virginia | $99,511 | $56,630 | $55,217 | 4.70% | 0.36% |
Wisconsin | $413,967 | $70,569 | $72,458 | 0.20% | 1.51% |
Wyoming | $50,172 | $86,880 | $72,495 | 5.40% | 0.18% |
Small Businesses Stats:
State | Number of Small Businesses | Percent that are small businesses | Number of Employees | Share of of Employees |
---|---|---|---|---|
Alabama | 422,586 | 99.40% | 818,235 | 46.00% |
Alaska | 71,781 | 99.10% | 138,752 | 52.50% |
Arizona | 650,151 | 99.50% | 1,100,000 | 42.40% |
Arkansas | 268,244 | 99.30% | 496,747 | 47.10% |
California | 4,100,000 | 99.80% | 7,500,000 | 47.60% |
Colorado | 684,726 | 99.50% | 1,200,000 | 47.30% |
Connecticut | 354,013 | 99.30% | 730,826 | 47.10% |
Delaware | 98,356 | 98.60% | 205,354 | 48.70% |
Washington DC | 75,579 | 98.10% | 260,713 | 48.00% |
Florida | 3,100,000 | 99.80% | 3,600,000 | 39.70% |
Georgia | 1,200,000 | 99.60% | 1,700,000 | 42.00% |
Hawaii | 133,993 | 99.20% | 267,388 | 48.70% |
Idaho | 188,603 | 99.20% | 359,592 | 56.40% |
Illinois | 1,300,000 | 99.50% | 2,400,000 | 44.10% |
Indiana | 537,058 | 99.40% | 1,200,000 | 44.00% |
Iowa | 272,465 | 99.20% | 638,811 | 45.90% |
Kansas | 256,287 | 99.10% | 597,069 | 49.50% |
Kentucky | 363,068 | 99.30% | 706,644 | 42.40% |
Louisiana | 464,681 | 99.50% | 898,863 | 52.80% |
Maine | 149,493 | 99.20% | 291,387 | 55.90% |
Maryland | 639,789 | 99.50% | 1,200,000 | 48.80% |
Massachusetts | 697,585 | 99.50% | 1,500,000 | 44.70% |
Michigan | 908,007 | 99.60% | 1,900,000 | 47.30% |
Minnesota | 525,156 | 99.40% | 1,300,000 | 45.70% |
Mississippi | 266,385 | 99.30% | 432,187 | 45.50% |
Missouri | 548,647 | 99.40% | 1,100,000 | 44.80% |
Montana | 130,563 | 99.30% | 252,900 | 67.00% |
Nebraska | 181,742 | 99.10% | 418,311 | 48.30% |
Nevada | 312,702 | 99.20% | 542,167 | 42.50% |
New Hampshire | 136,506 | 98.90% | 305,738 | 49.20% |
New Jersey | 952,029 | 99.60% | 1,900,000 | 48.80% |
New Mexico | 158,296 | 98.90% | 345,088 | 52.90% |
New York | 2,200,000 | 99.80% | 4,100,000 | 47.10% |
North Carolina | 1,000,000 | 99.60% | 1,800,000 | 44.50% |
North Dakota | 73,822 | 98.70% | 198,871 | 56.00% |
Ohio | 989,435 | 99.60% | 2,200,000 | 43.80% |
Oklahoma | 371,640 | 99.40% | 717,434 | 51.00% |
Oregon | 397,422 | 99.40% | 900,294 | 54.10% |
Pennsylvania | 1,100,000 | 99.60% | 2,600,000 | 45.80% |
Rhode Island | 105,320 | 98.90% | 228,107 | 51.20% |
South Carolina | 479,314 | 99.40% | 839,283 | 42.20% |
South Dakota | 89,679 | 98.90% | 209,638 | 57.50% |
Tennessee | 664,681 | 99.50% | 1,200,000 | 41.90% |
Texas | 3,200,000 | 99.80% | 5,000,000 | 44.30% |
Utah | 333,361 | 99.30% | 635,432 | 45.20% |
Vermont | 76,878 | 99.00% | 155,960 | 60.40% |
Virginia | 818,450 | 99.50% | 1,600,000 | 45.40% |
Washington | 644,868 | 99.50% | 1,400,000 | 49.00% |
West Virginia | 109,300 | 98.80% | 263,036 | 48.50% |
Wisconsin | 457,769 | 99.40% | 1,300,000 | 48.70% |
Wyoming | 73,330 | 98.90% | 133,159 | 64.60% |
New Business Creation:
State | New Businesses Opened | Businesses Closed | Net Change |
---|---|---|---|
Alabama | 15,298 | 9,782 | 5,516 |
Alaska | 2,514 | 1,808 | 706 |
Arizona | 25,424 | 17,808 | 7,616 |
Arkansas | 11,043 | 8,020 | 3,023 |
California | 213,893 | 120,730 | 93,163 |
Colorado | 32,069 | 23,408 | 8,661 |
Connecticut | 16,510 | 10,245 | 6,265 |
Delaware | 4,573 | 3,268 | 1,305 |
Washington DC | 6,497 | 3,950 | 2,547 |
Florida | 118,431 | 78,956 | 39,475 |
Georgia | 46,568 | 30,015 | 16,553 |
Hawaii | 5,888 | 3,790 | 2,098 |
Idaho | 11,977 | 7,047 | 4,930 |
Illinois | 40,933 | 31,592 | 9,341 |
Indiana | 18,944 | 13,583 | 5,361 |
Iowa | 9,797 | 7,599 | 2,198 |
Kansas | 10,533 | 8,004 | 2,529 |
Kentucky | 15,242 | 9,764 | 5,478 |
Louisiana | 12,364 | 13,092 | -728 |
Maine | 7,779 | 4,571 | 3,208 |
Maryland | 20,284 | 15,376 | 4,908 |
Massachusetts | 37,739 | 23,488 | 14,251 |
Michigan | 29,561 | 20,402 | 9,159 |
Minnesota | 17,765 | 14,523 | 3,242 |
Mississippi | 7,508 | 5,524 | 1,984 |
Missouri | 29,925 | 24,530 | 5,395 |
Montana | 7,037 | 5,689 | 1,348 |
Nebraska | 7,389 | 5,819 | 1,570 |
Nevada | 18,730 | 8,336 | 10,394 |
New Hampshire | 8,378 | 5,194 | 3,184 |
New Jersey | 48,289 | 26,040 | 22,249 |
New Mexico | 7,270 | 5,695 | 1,575 |
New York | 78,100 | 54,285 | 23,815 |
North Carolina | 39,539 | 26,604 | 12,935 |
North Dakota | 3,180 | 2,515 | 665 |
Ohio | 29,452 | 23,132 | 6,320 |
Oklahoma | 13,310 | 10,211 | 3,099 |
Oregon | 18,513 | 15,528 | 2,985 |
Pennsylvania | 41,944 | 27,190 | 14,754 |
Rhode Island | 6,621 | 4,036 | 2,585 |
South Carolina | 21,778 | 13,074 | 8,704 |
South Dakota | 4,321 | 2,664 | 1,657 |
Tennessee | 26,702 | 15,211 | 11,491 |
Texas | 95,495 | 68,032 | 27,463 |
Utah | 18,207 | 11,398 | 6,809 |
Vermont | 4,221 | 2,236 | 1,985 |
Virginia | 34,432 | 27,119 | 7,313 |
Washington | 41,711 | 20,297 | 21,414 |
West Virginia | 5,839 | 4,113 | 1,726 |
Wisconsin | 21,237 | 15,119 | 6,118 |
Wyoming | 3,239 | 2,443 | 796 |
Companies By Employee Size:
State | Number of Businesses With No Employees | No Businesses with 1-19 Employees | 20-499 Employees | Women Ownership % |
---|---|---|---|---|
Alabama | 350,480 | 62,272 | 9,834 | 44.10% |
Alaska | 55,923 | 14,901 | 1,587 | 43.80% |
Arizona | 537,216 | 99,466 | 13,469 | 45.40% |
Arkansas | 218,753 | 43,524 | 5,967 | 43.70% |
California | 3,348,085 | 717,198 | 83,569 | 43.20% |
Colorado | 542,712 | 127,294 | 14,720 | 44.80% |
Connecticut | 286,720 | 57,424 | 8,869 | 41.20% |
Delaware | 77,279 | 18,246 | 2,831 | 42.00% |
Washington DC | 58,164 | 13,667 | 3,748 | 47.40% |
Florida | 2,651,805 | 441,182 | 39,205 | 45.20% |
Georgia | 1,035,889 | 165,945 | 20,965 | 46.40% |
Hawaii | 109,569 | 21,294 | 3,130 | 46.40% |
Idaho | 146,218 | 37,877 | 4,508 | 46.00% |
Illinois | 1,007,294 | 220,684 | 29,086 | 42.40% |
Indiana | 430,288 | 91,674 | 15,096 | 42.50% |
Iowa | 211,710 | 53,358 | 7,397 | 43.20% |
Kansas | 201,488 | 47,621 | 7,178 | 43.30% |
Kentucky | 298,841 | 55,524 | 8,703 | 41.50% |
Louisiana | 385,629 | 68,269 | 10,783 | 46.50% |
Maine | 116,412 | 29,711 | 3,370 | 41.30% |
Maryland | 532,290 | 93,091 | 14,408 | 44.60% |
Massachusetts | 557,217 | 122,756 | 17,612 | 39.80% |
Michigan | 738,884 | 147,224 | 21,899 | 43.50% |
Minnesota | 409,431 | 100,829 | 14,896 | 41.40% |
Mississippi | 224,163 | 36,916 | 5,306 | 45.30% |
Missouri | 436,168 | 98,356 | 14,123 | 43.60% |
Montana | 97,547 | 30,115 | 2,901 | 45.50% |
Nebraska | 139,673 | 36,913 | 5,156 | 43.30% |
Nevada | 258,560 | 46,995 | 7,147 | 45.20% |
New Hampshire | 107,098 | 25,527 | 3,881 | 39.60% |
New Jersey | 762,264 | 168,060 | 21,705 | 39.90% |
New Mexico | 125,804 | 28,060 | 4,432 | 47.10% |
New York | 1,755,995 | 408,479 | 43,239 | 39.60% |
North Carolina | 827,713 | 159,926 | 21,242 | 44.80% |
North Dakota | 55,092 | 16,228 | 2,502 | 42.30% |
Ohio | 810,769 | 152,860 | 25,806 | 41.70% |
Oklahoma | 300,822 | 62,291 | 8,527 | 43.20% |
Oregon | 303,098 | 83,773 | 10,551 | 47.20% |
Pennsylvania | 856,626 | 195,645 | 29,756 | 39.80% |
Rhode Island | 82,340 | 20,141 | 2,839 | 41.50% |
South Carolina | 395,185 | 73,673 | 10,456 | 44.60% |
South Dakota | 68,203 | 18,971 | 2,505 | 43.10% |
Tennessee | 566,444 | 83,884 | 14,353 | 43.30% |
Texas | 2,699,864 | 403,577 | 56,983 | 43.50% |
Utah | 262,525 | 63,560 | 7,576 | 43.80% |
Vermont | 60,189 | 14,836 | 1,853 | 43.10% |
Virginia | 666,288 | 133,075 | 19,087 | 44.30% |
Washington | 488,871 | 138,968 | 17,029 | 46.40% |
West Virginia | 85,091 | 20,998 | 3,211 | 42.40% |
Wisconsin | 352,556 | 90,189 | 15,024 | 41.70% |
Wyoming | 55,372 | 16,249 | 1,709 | 46.40% |
Fortune 500 Companies:
State | Total Number of Fortune 500 Companies | Biggest Fortune 500 Company |
---|---|---|
Alabama | 2 | Regions Financial |
Alaska | N/A | N/A |
Arizona | 10 | Avnet |
Arkansas | 4 | Walmart |
California | 53 | Apple |
Colorado | 10 | Arrow Electronics |
Connecticut | 14 | Cigna Group |
Delaware | 1 | DuPont |
Washington DC | 2 | Fannie Mae |
Florida | 23 | World Fuel Services |
Georgia | 19 | Home Depot |
Hawaii | N/A | N/A |
Idaho | 3 | Albertsons |
Illinois | 33 | Walgreens Boots Alliance |
Indiana | 7 | Elevance Health |
Iowa | 2 | Principal Financial |
Kansas | 1 | Seaboard |
Kentucky | 1 | Humana |
Louisiana | 2 | Lumen Technologies |
Maine | N/A | N/A |
Maryland | 3 | Lockheed Martin |
Massachusetts | 17 | General Electric |
Michigan | 18 | Ford Motor |
Minnesota | 15 | UnitedHealth Group |
Mississippi | N/A | N/A |
Missouri | 2 | Centene |
Montana | 6 | Emerson Electric |
Nebraska | 4 | Berkshire Hathaway |
Nevada | 2 | MGM Resorts International |
New Hampshire | N/A | N/A |
New Jersey | 14 | Johnson & Johnson |
New Mexico | N/A | N/A |
New York | 50 | JPMorgan Chase |
North Carolina | 13 | Bank of America |
North Dakota | N/A | N/A |
Ohio | 24 | Cardinal Health |
Oklahoma | 6 | Oneok |
Oregon | 2 | Nike |
Pennsylvania | 23 | AmerisourceBergen |
Rhode Island | 4 | CVS Health |
South Carolina | 1 | Sonoco Products |
South Dakota | N/A | N/A |
Tennessee | 10 | FedEx |
Texas | 55 | Exxon Mobil |
Utah | N/A | N/A |
Vermont | N/A | N/A |
Virginia | 24 | Freddie Mac |
Washington | 15 | Amazon.com |
West Virginia | N/A | N/A |
Wisconsin | 8 | Northwestern Mutual |
Wyoming | N/A |
Biggest Industries & Employers:
State | Biggest Industries By Revenue | Biggest Employers |
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