GREAT FALLS — Many factors contribute to how successful a small business is, but according to a recent study, Montana is the best state to open a small business.
The study done by The Blueprint found that Montana was ranked the number one best state to open a small business in 2021.
The factors used to determine the ranking included tax climate, consumer spending within the state, and the rate of new entrepreneurs.
They also considered the business survival rate over five years, labor costs, and climate. Here are the top five: