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 2009 are assessed in March 2014 to determine the five year business survival rate).
From 2012 to 2014, Minnesota the share of business start-ups that survived five years increased from 49 percent to 55 percent in 2014.
This document (.xlsx) provides the indicator data in table format.