https://newyork365.info/2025/11/15/new-york-the-second-most-challenging-state-to-start-a-business-in-the-u-s/
New York has been ranked as the second worst state in the United States for starting a business, according to a recent report by Forbes. The assessment highlights important challenges entrepreneurs face in the state,including regulatory hurdles,high taxes,and costly operational expenses. This ranking raises concerns about New York’s business climate and its ability to foster new startups in an increasingly competitive national landscape.
New York Faces Challenges in Entrepreneurial Environment Impacting Startup Growth
Despite being a global financial hub, New York struggles to maintain an environment conducive to startup growth. Key obstacles such as excessive regulatory burdens, a high cost of living, and a competitive real estate market have collectively stifled entrepreneurial momentum. Many founders report that navigating state and city compliance requirements is both time-consuming and costly,diverting critical resources away from innovation and market…
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Author : Charlotte Adams
Publish date : 2025-11-15 14:27:00
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