According to a recent study, the Midwest remains one of the strongest regions in the country for business durability. Indiana, Ohio, and Michigan ranked among the top-performing states for keeping new businesses alive, with five-year business survival rates of 53.6%, 54.4%, and 54.7%, respectively.

Strong Business Survival Rates

The study, conducted by ecommerce research firm Build Your Store, examined U.S. Bureau of Labor Statistics Business Employment Dynamics data to determine which states have the highest percentage of new employer establishments still operating five years after opening. The findings show that nearly 80% of businesses that opened recently in Indiana survived their first year, with a one-year survival rate of 79.5%. The state also recorded a 38.5% survival rate after 10 years among businesses that opened in 2015.

Ohio businesses showed particularly strong results, with more than half of new establishments continuing operations after five years. The Buckeye State recorded a 54.4% five-year survival rate, a 78.7% one-year survival rate, and a 38.4% ten-year survival rate. Michigan ranked even higher, with 54.7% of businesses surviving at least five years.

The study’s authors noted that while online businesses may reach customers nationwide, factors such as workforce availability, warehouse costs, fulfillment operations, and local economic conditions can still make location an important consideration.

Original reporting: WOWO News/Talk (Fort Wayne) — read the source article.