Wisconsin had the second-best 10-year small business survival rate in the nation over the last decade. Only Iowa had a better ranking, according to a Wisconsin Public Radio report.

The WPR report is based on a recent analysis from The Southern Bank Company, a financial institution based in Alabama that looked at data from the U.S. Bureau of Labor Statistics to compare the state-by-state business survival rates from March 2012 through that month of 2022.