The Best and Worst States in America for Crowdfunding

The Best and Worst States in America for Crowdfunding

Crowdfunding lives and dies with the willingness of the crowd. Ergo, if you are looking to raise money for your startup with crowdfunding in the U.S., you are going to have the best chance of success in Washington, D.C. And you are probably going to have the hardest time in Mississippi.

That’s according to a new report on crowdfunding by The Crowdfunding Centre, a London-based industry data analysis firm and Crowdfund Capital Advisors, a U.S.-based, for-profit advisory organization.

The ranking — known as the JOBSIMPACT Small Business Crowdfunding Index 2014 — explores the best and worst areas in the U.S. for crowdfunding and offers an analysis of how many jobs are generated in each locale. The ranking relies on 40 different metrics, including new project/company starts, total number of projects/companies, percent of fully funded projects/companies, average amount raised and total amount raised.

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