Rhode Island has been ranked as the worst state in the United States to start a business, according to WalletHub’s 2026 report. The primary reason cited for this ranking is the high cost of doing business in the state.
The National Federation of Independent Business (NFIB) noted that several legislative proposals under consideration for the 2026 session could make conditions even more difficult for small businesses. These include bills aimed at raising taxes, increasing the minimum wage, introducing new labor mandates, raising health care costs, and potentially increasing energy bills.
The NFIB stated: “From the Governor’s plan for a new 3% income tax surcharge to a climate super fund bill to indexing the state minimum wage, NFIB will continue to monitor and testify against the proposals this session that will harm small businesses. Please continue to check your inbox for opportunities to voice your concerns to policymakers and share how their legislative proposals may affect your bottom line as job creators along with the overall economy of the Ocean State.”
The organization emphasized its ongoing efforts to advocate on behalf of small business owners and encouraged members to stay engaged with legislative developments.
