Four states register zero US growth vendors in the index, and nine more list fewer than five
Arkansas, Hawaii, Mississippi, and New Mexico have no listings in The Wall's index of 2,286 verified US growth vendors. Nine other states carry between one and four.
Update, August 19, 2026: the four states below gained their first listings in the weeks after launch. See the follow-up briefing. The figures below reflect the August 3 launch index.
The Wall's index of 2,286 verified US growth vendors covers 46 states plus the District of Columbia. Four US states register no listings at all: Arkansas, Hawaii, Mississippi, and New Mexico.
Beyond the blank spots, the thin end of the supply map is thinner than the top-state coverage suggests. Nine additional states carry fewer than five vendors each. The entire tail below five accounts for 22 of the 2,286 listings, or roughly one percent of the index.
The blank states and the thin tail
| State | Listings |
|---|---|
| Arkansas | 0 |
| Hawaii | 0 |
| Mississippi | 0 |
| New Mexico | 0 |
| West Virginia | 1 |
| Montana | 2 |
| Nebraska | 2 |
| North Dakota | 2 |
| Vermont | 2 |
| Alaska | 3 |
| Rhode Island | 3 |
| South Dakota | 3 |
| Alabama | 4 |
What the blank states and the thin tail share
The four blank states have no growth-services companies that meet the index's inclusion bar: a US-headquartered firm with a live public website, verified before publication. Their absence is not editorial exclusion. What connects them is a small in-state agency population combined with heavy reliance on out-of-state firms serving the businesses that operate there. Mississippi, Arkansas, and New Mexico all rank in the smaller half of US state economies by GDP. Hawaii is geographically isolated, and its ad and marketing shops tend to serve local tourism operators rather than the mainland mid-market buyer the index is built for.
The nine states with one to four listings share the same pattern in a milder form. West Virginia's single listing, Vermont's two, and Alaska's three all belong to states where a full growth-vendor shortlist has to be assembled almost entirely from firms headquartered elsewhere.
Why a buyer in a blank state is not stuck
Nearly every firm in the index sells nationally. A company in Little Rock, Honolulu, Jackson, or Albuquerque that needs a marketing agency or an SEO shop has the same 2,286-vendor market available to it as a buyer in Los Angeles. What the blank-state buyer loses is the option to restrict a shortlist to local vendors. Given the state-level clustering documented in the supply-side geography briefing, that filter would remove most of the market anywhere below the top ten states.
The four zero-listing states are candidates for future expansion as the index grows. Qualifying vendors headquartered in Arkansas, Hawaii, Mississippi, and New Mexico can be surfaced through public submission and editorial review.
How this was computed. Figures are computed from The Wall's index of approved, US-based, machine-verified-live listings, using the index snapshot current when each briefing was published: 2,286 listings at launch (August 3, 2026) and 3,460 in the latest snapshot (captured August 9, 2026). Engagement data (rates, minimum project sizes, team sizes, founding years, ratings) are provider-declared figures published on public Clutch profiles; they were present for 1,738 of the 2,286 launch listings, and coverage counts for later snapshots are stated inside each briefing that uses them. Percentages of "disclosed" values exclude listings that publish no figure. Nothing in this briefing is estimated or modeled. Sourcing standards: editorial policy.