From The Center Square

Michigan came in 28th highest in a new study by the WalletHub website that shows where small businesses have struggled most due to the coronavirus pandemic, based on three key dimensions.

The state earned a total score of 47.93 in the study by the personal finances website. In the “Impact and Access to Resources” category, the state received a rank of 44th; for “Small-Business Financial Conditions,” 37th; and for “Business Environment and Workforce Support Conditions,” fourth.

All 50 states and the District of Columbia were ranked in the WalletHub analysis.

About 87 percent of small business owners report that their firms have been hurt by the Covid-19 outbreak, according to a recent WalletHub survey, with 35 percent saying that their companies can’t survive another three more months under current conditions.

Within the three major areas studied, the states’ businesses were ranked on 12 metrics, including whether they were operating in high-risk sectors, the state of credit conditions and states’ overall friendliness to small business, according to the WalletHub report.

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States Whose Small Businesses Are Most Affected by COVID-19

Overall Rank	State	Total Score	“Impact & Access to Resources” Rank	“Small-Business Financial Conditions” Rank	“Biz Environment & Workforce Support Conditions” Rank
1	Hawaii	69.87	2	22	2
2	Nevada	64.86	3	10	9
3	South Dakota	62.93	5	21	14
4	Miss.	60.72	10	9	10
5	S.C.	59.63	7	5	30
6	La.	57.68	34	1	3
7	Arizona	56.96	13	28	7
8	Neb.	56.77	15	25	8
9	N.C.	56.67	21	13	11
10	North Dakota	56.52	18	23	12
11	West Virginia	56.15	6	11	38
12	Georgia	55.66	28	8	6
13	Ky.	55.28	16	26	18
14	Tenn.	54.86	25	4	20
15	Mont.	54.27	1	42	49
16	Florida	54.17	22	2	27
17	Idaho	53.62	8	14	47
18	Wyo.	53.45	4	27	50
19	Maine	53.20	19	18	25
20	New Mexico	51.66	9	49	21
21	N.H.	51.39	12	51	1
22	Ark.	49.54	27	6	33
23	Kansas	49.49	36	29	15
24	Wash.	48.80	20	24	37
25	Vt.	48.52	17	48	22
26	Virginia	48.45	35	39	5
27	Ala.	48.08	24	35	32
28	Mich.	47.93	44	37	4
29	Del.	47.89	31	30	26
30	New York	47.46	29	20	34
31	Iowa	47.26	33	31	24
32	Alaska	46.83	23	3	51
33	Indiana	46.50	41	33	16
34	Okla.	46.46	26	17	44
35	Utah	46.41	14	44	35
36	Calif.	45.95	43	32	19
37	Rhode Island	45.76	32	43	23
38	Colo.	45.21	11	45	43
39	Texas	44.24	37	12	42
40	Md.	43.27	38	46	17
41	Mo.	42.33	40	15	39
42	Oregon	42.32	30	38	46
43	New Jersey	41.93	50	7	29
44	Minn.	41.23	39	40	28
45	Illinois	39.54	46	16	40
46	Conn.	36.62	47	36	41
47	Wisc.	36.25	42	41	45
48	Ohio	36.13	48	47	31
49	Pa.	34.63	49	34	48
50	Mass.	31.88	45	50	36
51	D.C.	29.57	51	19	13