Small Business Rankings by State
Earlier this week, the Small Business & Entrepreneurship Council (SBE Council) released its 14th annual Small Business Survival Index, rankings of each U.S. state according to their public policy climates for small business and entrepreneurship. South Dakota was named the most friendly state for small business and entrepreneurship, while New Jersey and the District of Columbia were the lowest-ranked.
The study’s author, Raymond J. Keating, says, “The Small Business Survival Index helps business owners and investors understand the public policy burdens placed on entrepreneurship and small business. These measures should matter to everyone because small businesses drive innovation, economic growth and job creation.”
The study accounts for factors such as taxes, regulatory costs, government spending, health care and energy costs, property rights, and more—36 such measures in all.
The full report, “The Small Business Survival Index 2009: Ranking the Policy Environment for Entrepreneurship Across the Nation,” is available at http://www.sbecouncil.org. Read the SBE Council’s press release announcing the study for more details. The analysis also includes a cool interactive map. Green states are the top-ranked states, blue states are the middle-ranked states, and red states are the lowest-ranked.
MHEDA members in each state are probably aware of where they stand, but I think it’s interesting to see how each state compares to another. I will be curious to see if, as the nation enters economic recovery, these rankings are an indicator of how recovery will occur. Is it correlated? Is it even relevant? Time will tell…but I found it interesting nonetheless.
Tags: economy, material handling, small business
December 30th, 2009 at 7:48 am
Small Business owners are largely forgotten. Thats why I only focus on them. I have experience several members of my family file bankruptcy due to small business failures. I also I suffered through 2 destroyed businesses due to failure however, in my failings I have learned some of the secrets to success. (Who can say they know it all?)
http://www.onlineuniversalwork.com