Texas Leads as Best State for Entrepreneurs in 2024

In Simplify LLC's comprehensive analysis of entrepreneurship in 2024, Texas shines as the leading state for business ventures. Examining data from 2021 to 2023, the study reveals several key factors propelling Texas to the forefront. Notably, Texas's lack of a corporate tax, coupled with a notable influx of educated professionals, including a net gain of nearly 76,000 college-educated adults in 2022 alone, contributes significantly to its appeal. Additionally, the state boasts impressive growth in new business formations, with a remarkable 23.7% increase recorded in the year ending November 2023. These findings underscore Texas's robust ecosystem for entrepreneurship and affirm its standing as a premier destination for aspiring business owners.