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The Small Business & Entrepreneurship Council published the results of their 14th annual Small Business Survival Index study last month.
The group's views seem to agree with those of the Review's readers with phrases such as:
“Without a doubt, the biggest obstacle to entrepreneurship and investment is public policy gone awry;” and, “In the end, government does not drive economic growth.”
According to the report, the Index aims to “tie together 36 major government-imposed or government-related costs impacting small businesses and entrepreneurs.”
Some of the costs the study considered included tax rates, utility costs, minimum wage requirements, and government spending.
Combined, the factors give the following states as the top 10 friendliest for small business (best to worst): South Dakota, Nevada, Texas, Wyoming, Washington, Florida, South Carolina, Colorado, Alabama, and Virginia.
The bottom 10 (worst to best): New Jersey, California, New York, Vermont, Maine, Rhode Island, Massachusetts, Minnesota, Hawaii, and Iowa.
The full study is available at the council's website, www.sbecouncil.org.
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