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Study: Massachusetts is One of the WORST States for Entrepreneurs

Author Beasley Media Editorial

Entrepreneurialism is hot nowadays, just a little chillier here in Massachusetts – according to a new study. SimplifyLLC analyzed the most recent federal data across six metrics to identify the best and worst states for entrepreneurs in 2024. Massachusetts finished dang near the bottom of the pack.

SimplifyLLC, an independent publication that provides free consulting for small business owners, commissioned the study. It analyzed data on job creation, consumer spending, inflation, business growth, corporate taxes, and whether educated workers are more likely to move in or out of the state to compile it’s list of the best and worst states for entrepreneurs.

If you’re a big Gary Vee listener, you might find it entertaining (as I did) that New Jersey finished well below average for it’s friendliness for entrepreneurs. However Jersey didn’t finish as low as Massachusetts. Gary Vee’s homeland (New Jersey, not Russia) finished as the 33rd Best State for Entrepreneurs in 2024.

Texas was the big winner, finishing as the #1 best state for entrepreneurs in 2024. Florida and Wyoming round out the top 3. On the other end of the spectrum are the worst states for entrepreneurs. Louisiana finished dead last. Washington DC finished as second worst. California and Mississippi were the next two on the “baddies” list for entrepreneurs.

The study ranked Massachusetts as the 45th worst state for entrepreneurs in 2024. That stinks. So to any local Massachusetts business owners making it work in 2024: Great job, keep going and growing, you got this!! And to anyone starting up a business this year in Mass: It may be tough, and it probably will be, but I hope you find so much success following your dream. Good luck!

And while we’re talking about entrepreneurs in Massachusetts, let me introduce you to 3 Massachusetts business owners with some pretty inspiring stories. Wait til you see what the third guy is doing to help feed our neighbors who could use a little help!

3 Inspiring South Shore Business Owners Who Took Big Leaps of Faith

Plenty of people get into a career and stick with it, riding it out for their entire professional life. Others jump from one career to another to another, never really finding “their calling.” Then there are others who for most of their life work in one career, before making a major jump – a “leap of faith” – to another. We’ll focus on the latter of the three of those examples in this article. I’ll introduce you to 3 South Shore business owners who took an impressive leap of faith to open their Massachusetts business.

I run a page called @SouthShoreStuff (“South Shore Stuff”). I make free videos for businesses in the South Shore to help spread their story and help give them a tool for marketing themselves (a video) and a little exposure. In the past 2 weeks these are the 3 videos I’ve shot and I noticed a common theme among the three: A) they’re all wonderful people – truly special people and B) they all prove that no matter your stage of life (not that they’re “old” because they’re NOT), if you’re driven to make a change you can.

Spending time with each of these three business owners was really cool. You could feel the love they each have for what they do. I’ve made over 200 of my little videos to support local business and I’ve never seen a recurring theme like this three videos in a row. It stood out enough for me that I thought to myself “there must be a reason for this,” so I’m going to run with that hunch and post the 3 videos up here, hoping that someone might need this motivation. Maybe somebody reading this right now is considering a pivot but is nervous to take that “leap of faith.” If nothing else, it’s at least a reminder (one that we need every once in a while) that there are nice people out there in this world. Are we all perfect? Heck no, but it’s important to try our best to be good people.

Thanks for taking a few minutes to watch these videos. I really love making them.

Jackson Blue has been on Boston airwaves for over 20 years. He is a foodie family person with a passion for having fun forever. Jackson likes to write about food, restaurants, Massachusetts and Boston happenings.

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Author Beasley Media Editorial
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