Here’s even more evidence as to why Arkansas is a great place to do business! The state has been ranked the #3 least expensive state to start a new business according to a new study from SimplifyLLC. According to the Arkansas Economic Development Council (AEDC) news post, “To determine how expensive it is to start a business in each state, the SimplifyLlC study looked at nine business cost factors in the following categories: basic business costs, labor costs and worker availability, cost of space and utilities, and health business environment.”