The five-year survival rate for new businesses is a key indicator of the economic environment for new businesses. It is influenced by a variety of factors, including the business climate, the economic cycle, and national and local economic conditions.
Businesses that start in each year ending in March have their survival rate assessed in March five years later (for example, businesses started in the year ending in March 2011 are assessed in March 2016 to determine the five year business survival rate).
From 2011 to 2016, Minnesota the share of business start-ups that survived five years increased from 45 percent to 52 percent in 2016. However this is down from peak in the last decade, which was 58 percent in 2006.
This document (.xlsx) provides the indicator data in table format.