Rhode Island
The Best and Worst States to Start a Business in 2025: Rhode Island Hits Rock Bottom – Newport Buzz
When it comes to starting a business, location is everything. Some states roll out the red carpet for entrepreneurs, while others practically shut the door in their faces. In 2025, the divide is starker than ever, with sunny Florida reigning supreme and struggling Rhode Island scraping the bottom of the barrel, according to a recent WalletHub study.
Florida: The Land of Opportunity
It’s no surprise that Florida has claimed the top spot for starting a business this year. With an overall score of 59.66, the Sunshine State shines bright thanks to its business-friendly environment, lack of personal income tax, and booming industries like tourism, tech, and healthcare.
Florida ranks #1 in Business Environment, offering:
- Explosive Growth: From bustling beaches to growing cities like Miami and Orlando, markets are as diverse as its population.
- Ease of Doing Business: Forget about complicated regulations—Florida keeps it simple.
- Skilled Workforce: Whether it’s hospitality, tech, or healthcare, there’s plenty of talent to go around.
But it’s not all smooth sailing—Florida’s Business Costs Rank (28th) reminds entrepreneurs to keep an eye on their budgets.
Rhode Island: Dead Last
And then there’s Rhode Island. With a dismal overall score of 33.51, the Ocean State ranks dead last, making it the worst place to launch a business in 2025.
Here’s why Rhode Island flops:
- A Stale Business Environment (#50): Rhode Island’s small size isn’t just geographical—it’s economic, too. Scaling businesses here face limited market opportunities and sluggish innovation.
- Weak Resources (#40): Good luck finding funding or skilled workers. Entrepreneurs often hit a wall when it comes to accessing the tools they need to succeed.
- Sky-High Costs (#40): Taxes, rent, utilities—you name it, Rhode Island makes it expensive. For cash-strapped startups, these costs can be deal-breakers.
Rhode Island’s (Missed) Potential
Rhode Island isn’t all bad—on paper, at least. Its strategic location near Boston and New York could be a game-changer, offering access to major markets. The state is also seeing pockets of growth in renewable energy and advanced manufacturing. But until policy changes address the sky-high costs and lack of resources, don’t expect a business boom anytime soon.
Other States to Watch
- Georgia (#2): Affordable costs and a booming economy make it a top contender.
- Utah (#3): Silicon Slopes continue to rise, though higher costs (29th) raise eyebrows.
- Mississippi (#14): If you’re looking to cut costs, this is your spot. Mississippi boasts the lowest business costs in the nation.
Bottom Line
Florida is the clear winner for 2025, offering entrepreneurs a golden ticket to success. Meanwhile, Rhode Island’s low ranking should be a wake-up call for policymakers. Until the state tackles its high costs and lack of support for small businesses, it’ll remain a tough sell for startups.
So, whether you’re chasing your dreams or crunching numbers, choose your state wisely—your success might just depend on it.
Like Newport Buzz? We depend on the generosity of readers like you who support us, to help with our mission to keep you informed and entertained with local, independent news and content. We truly appreciate your trust and support!


Related
Rhode Island
Authorities provide update on deadly mass shooting at Brown University in Rhode Island
Authorities said two people were killed and eight more were injured in a mass shooting at Brown University, an Ivy League school in Rhode Island. Authorities said students were on campus for the second day of final exams.
Posted
Rhode Island
RI school superintendent resigns amid antisemitic hazing investigation
A Rhode Island school superintendent has resigned amid an investigation into alleged antisemitic hazing in the district, NBC affiliate WJAR-TV reports.
Smithfield Superintendent Dr. Dawn Bartz announced her resignation in a letter addressed to the school community. Bartz has been on leave since November after a report of hazing at Smithfield High School.
The Jewish Alliance of Rhode Island said five high school football players locked a freshman student in a bathroom, sprayed Lysol at the student and yelled antisemitic slurs.
In her resignation letter, Bartz focused on her successes surrounding academic outcomes, special education and STEM opportunities and other positives for the district, and thanked the community.
“As Smithfield moves forward, I am confident the district will continue to build on this progress
and momentum. I wish all our students, staff, and families continued success in the years ahead,” she wrote.
The letter did not specify a reason for the resignation.
WJAR-TV first reported on the situation on October, when the Bartz released a statement on its investigation.
“The investigation confirmed inappropriate conduct among a small number of students,” Superintendent Dawn Bartz said in a provided statement. “Disciplinary action has been taken in accordance with district policy, and several student-athletes will not participate for the remainder of the season.”
The statement went on to say that there would be mandated training and education in response. However, the involved players were back at practice, which didn’t sit well with the victim’s family. His parents said his son walked into practice and found himself face-to-face with his alleged assailants.
Five football players were initially removed from the team for the remainder of the season but were later reinstated. When asked about the reversal in October, Bartz issued a one-sentence statement saying, “The disciplinary process has concluded and we will not be discussing details involving students.”
Smithfield Town Council President John Tassoni said the situation has deeply divided the community.
“It’s a long time coming,” Tassoni said of Bartz’s resignation. “A lot of people are angry about what happened. A lot of people don’t know the truth of what happened, nor do I.”
An investigation is underway by the school committee’s attorney and a report is expected to be delivered to the school committee sometime next year, Tassoni added. However, some people have concerns about transparency and have floated the possibility of hiring an independent investigator.
The Jewish Alliance of Greater Rhode Island said they want the focus to be on student safety.
“While we can’t speculate on the specific reasons behind the superintendent’s decision to resign, we remain focused on what matters most: that Smithfield schools become a place where Jewish students and all students feel safe, valued, and protected from bias and harassment,” President and CEO Adam Greenman wrote in an email.
Rhode Island
Prosecutors in Rhode Island drop charge against former Bay View athletic director
Prosecutors in Rhode Island dropped a fugitive from justice charge against a former Catholic school athletic director.
John Sung was arrested in East Providence last month. He was wanted in Florida for a non-violent felony.
After his arrest, he was fired from his position at St. Mary Academy Bay View in Riverside.
Broward County court records show Sung was taken into custody last week. He posted bond.
-
Alaska1 week agoHowling Mat-Su winds leave thousands without power
-
Texas1 week agoTexas Tech football vs BYU live updates, start time, TV channel for Big 12 title
-
Ohio1 week ago
Who do the Ohio State Buckeyes hire as the next offensive coordinator?
-
Washington5 days agoLIVE UPDATES: Mudslide, road closures across Western Washington
-
Iowa7 days agoMatt Campbell reportedly bringing longtime Iowa State staffer to Penn State as 1st hire
-
Miami, FL1 week agoUrban Meyer, Brady Quinn get in heated exchange during Alabama, Notre Dame, Miami CFP discussion
-
Cleveland, OH7 days agoMan shot, killed at downtown Cleveland nightclub: EMS
-
World6 days ago
Chiefs’ offensive line woes deepen as Wanya Morris exits with knee injury against Texans