B2B Reviews, an expert-led platform dedicated to empowering businesses, released a report highlighting the top states where independent retailers thrive. Recognizing their vital role in supporting local economies and sustaining community wealth, B2B Reviews aims to raise awareness of independent retailers’ ongoing importance and growth. A full link to the report is here: https://www.b2breviews.com/best-states-for-independent-retailers/

B2B Reviews has analyzed all 50 states and D.C., focusing on business health, survival rates, and consumer economic activity to identify top-performing states – in fact, South Dakota ranks 3rd overall in the report. Cozy coffee shops and boutiques contribute to community financial resilience beyond aesthetics, making local support crucial for vibrant communities. Whether your reader is an aspiring retail entrepreneur or resident, these findings offer insights into the state of retail businesses around them. +++
Key Findings on Top Five States Ranked

• #1 Minnesota: This state leads with a stellar 64.2% business survival rate, unmatched in keeping independent retailers thriving.
• #2 Montana: Boasting 1,153.54 retail businesses per 100,000 people (3rd in the U.S.) and a 4.5% population growth rate, its independent retail scene is booming.
• #3 South Dakota: Tops the charts with 12.10% of its small businesses in retail—the highest percentage in the nation.
• #4 North Dakota: Home to 11.18% of small retail businesses (3rd in the U.S.) and 1,059.44 retail shops per 100,000 people, it also boasts a robust 56.7% business survival rate.
• #5 Illinois: With a 60% business survival rate and 86.9% urban population, it excels at connecting retailers with consumers, fueling a dynamic retail market.

Top 10 States Independent Retailers Thrive Bottom 10 States for Independent Retailers to Thrive
1. Minnesota 42. Oklahoma
2. Montana 43. Maryland
3. South Dakota 44. District of Columbia
4. North Dakota 45. Washington
5. Illinois 46. Nevada
6. Massachusetts 47. Rhode Island
7. Connecticut 48. Louisiana
8. Pennsylvania 49. Idaho
9. Hawaii 50. Arizona
10. Iowa 51. New Mexico