Oklahoma best place to start a business in 2023

AgBoost founder Sean Akadiri, left, chats with StitchCrew co-founder Erika Lucas.

Forbes isn’t a big fan of setting up a business in Oklahoma.

In a list meant to trigger groans in some parts of the country, ego boosts in others, and plenty of data misunderstanding — Oklahoma is 42nd in the “Best States to Start a Business in 2023.”

But how accurate is such a list anyway? What factors are left out? Oklahoma, home to companies like Continental Resources, Love’s Travel Stops, Sonic, Paycom and many more, is Oklahoma really such a bad place to start a business?

Not exactly, according to local entrepreneurs and venture capitalists familiar with the process of launching new businesses in Oklahoma.

Forbes based its ranking on “18 key metrics in five categories” to determine which states are the best or the worst. The five broad categories include business costs, business climate, affordability, economy, and labor.