Wednesday, June 15, 2011
According to the Washington Policy Center, Washington state consistently places in the top five states as far as the number of new business started. Then again, it also placed in the top 3 for business terminations during the same years.
It was noted that just because a business terminated does not mean that business failed. Businesses could have terminated because the Owners retired and closed the business or sold it to another company.
Business Starts and Closures
According to the latest data available, Washington ranks 3rd in business starts and 2nd in business terminations (2006).
Washington ranked 5th in business starts in 2005 and 3rd in 2004. The state ranked 1st in business closures in 2005 and 1st in 2004.