Report: Florida's small business survival record spotty

Florida's record on the survival of small businesses after three years is the fourth worst in the nation, according to Capital on Tap, an Atlanta-based small-business credit card and spending management platform.

Capital on Tap conducted research to determine the U.S. states with the highest chance of survival for a small business in a three-year and five-year time frame, according to a news release.

Its study analyzed data from the U.S. Bureau of Labor Statistics to reveal the percentage of startups active after three years. The survival rate of private sector establishments by opening year was pulled from BLS for each U.S. state between 1994 and 2022.