AL among worst states to start a business - WTVM.com-Columbus, GA News Weather & Sports

AL among worst states to start a business

(Source: WTVM) (Source: WTVM)

(WTVM) - For entrepreneurs and business owners – a new study ranks Alabama as 42nd in the nation for starting a new business. 

But Alabama unemployment number is at the lowest it has been in years. 

Economists we spoke with say Alabama's poor ranking comes down to a lack of resources new businesses need -- mainly education and money up front.

Experts say those are not easy things to fix. 

AUM Economics Professor, Deivan Deravi says, "It's going to take some time. You have to make the investment in the education at the higher education, it's very expensive. The whole education philosophy at that point will be oriented towards research and development which is a totally different type of labor force than what we are producing at this point."

That was the bad news.

The good news is that  Alabama did rank in the top 10 for the cost of doing business. 

Copyright 2017 WTVM. All rights reserved. | For more news, download the WTVM app here

  • LocalMore>>

  • Opelika police release sketch of robbery and kidnapping suspect

    Opelika police release sketch of robbery and kidnapping suspect

    Monday, July 23 2018 1:40 PM EDT2018-07-23 17:40:49 GMT

    Opelika police are searching for a  first-degree robbery and kidnapping suspect. 

    More >>

    Opelika police are searching for a  first-degree robbery and kidnapping suspect. 

    More >>
  • School supply shopping kicks into high gear as school year approaches

    School supply shopping kicks into high gear as school year approaches

    Monday, July 23 2018 1:11 PM EDT2018-07-23 17:11:41 GMT
    There are several ways to save money through creativity as back to school shopping picks up. (Source:WTVM)There are several ways to save money through creativity as back to school shopping picks up. (Source:WTVM)
    There are several ways to save money through creativity as back to school shopping picks up. (Source:WTVM)There are several ways to save money through creativity as back to school shopping picks up. (Source:WTVM)

    We are just three weeks away from school starting back in Muscogee County, which means now is as good a time as any for parents to seek out the best deals on school supplies.

    More >>

    We are just three weeks away from school starting back in Muscogee County, which means now is as good a time as any for parents to seek out the best deals on school supplies.

    More >>
  • Opelika man detained by family after breaking into vehicle

    Opelika man detained by family after breaking into vehicle

    Monday, July 23 2018 12:49 PM EDT2018-07-23 16:49:12 GMT
    32-year-old Samuel Graaf was arrested and charged with unlawful breaking and entering of a vehicle. (Source: AP Graphics)32-year-old Samuel Graaf was arrested and charged with unlawful breaking and entering of a vehicle. (Source: AP Graphics)

    An Opelika family witnessed a crime being committed on July 21, so they made sure he was not going to get away before police arrived.

    More >>

    An Opelika family witnessed a crime being committed on July 21, so they made sure he was not going to get away before police arrived.

    More >>
Powered by Frankly