Oklahoma’s Best Place to Start a Business in 2023

AgBoost founder Sean Akadiri, left, speaks with StitchCrew co-founder Erika Lucas.

Forbes is not a big fan of starting a business in Oklahoma.

In a list meant to elicit groans in some parts of the country, ego boosts in others, and plenty of data misunderstanding: Oklahoma is ranked 42nd in “Best States to Start a Business in 2023.”

But how accurate is a list like that anyway? What factors are left out? Is Oklahoma, birthplace of companies like Continental Resources, Love’s Travel Stops, Sonic, Paycom and more, really such a bad place to start a business?

Not exactly, according to local entrepreneurs and venture capitalists familiar with the process of launching new businesses in Oklahoma.

Forbes based its ranking on “18 key metrics in five categories” to determine which states are better or worse. The five broad categories include business costs, business climate, affordability, economics, and workforce.

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