By Ethan Faverino |

While entrepreneurship is surging across the United States, a new nationwide study by iPostal1, using U.S. Census Bureau data, reveals that not every state is riding the same wave.

Arizona lands solidly in the middle at 24th place, recording 1,275 business applications per 100,000 residents and a total of 121,091 new filings in 2024—a healthy 58.2% increase since 2019.

That positions Arizona just behind regional neighbor Nevada (23rd, 1,695 per 100,000) and ahead of New Mexico (28th, 952 per 100,000), making it a moderate but steady player in the national entrepreneurial boom.

Nationally, New York tops the list with a staggering 39,422 business applications per 100,000 residents and 291,773 total filings in 2024 alone—nearly doubling Florida in second place (20,461 per 100,000). Florida recorded the highest raw total at 631,896 applications in 2024 (up 61.3% since 2019), followed by Georgia with 242,706 (up 41.1% since 2019).

At the opposite end, North Dakota ranked last with only 95 applications per 100,000 residents—less than 0.25% of New York’s rate. Rounding out the bottom five are Delaware (145 per 100,000), Idaho (156 per 100,000), Vermont (170 per 100,000), and South Dakota (191 per 100,000).

While many states remain sluggish, some showed explosive growth. Wyoming led the nation with a 215.8% surge in applications since 2019, followed by Delaware with a 121.6% increase. Alaska, however, saw the smallest growth in the nation at just 12.2%.

“The U.S. has no shortage of ambition, but opportunity isn’t spread evenly,” said Jeff Milgram, CEO and founder of iPostal1. “In states like New York, Florida, and Texas, entrepreneurship is booming – people are starting businesses, taking risks, and finding opportunity. But other states are still catching up. Sometimes it’s access to funding, sometimes local policy, or just the confidence that new ventures will be supported. Those details matter more than most people think.”

“When small businesses can find funding, mentorship, and a clear path through regulation, as well as the tools and resources to set up their businesses which include virtual mailing addresses and digital mailboxes, we see numbers rise fast,” Milgram concluded, “as we’ve seen not just in Wyoming and Delaware, but across much of the South and Northeast.”

Ethan Faverino is a reporter for AZ Free News. You can send him news tips using this link.