SBE Council Ranks the States for Policy Friendliness in "U.S.
Business Policy Index 2012"
WASHINGTON, Dec. 13, 2012 /PRNewswire-USNewswire/
-- Today, the Small Business & Entrepreneurship Council
(SBE Council) released its "U.S. Business Policy Index 2012:
Ranking the States on Policy Measures and Costs Impacting Small
Business and Entrepreneurship."
The Index, now in its 17th year, ranks the 50 states
according to 46 different policy measures, including a wide array
of tax, regulatory and government spending measures. (Visit the
interactive map of the Index, which highlights the key positives
and negatives for each state – as well as the ranking - on SBE
Council's website here.)
The most entrepreneur-friendly states under the "U.S. Business
Policy Index 2012" are: 1) South
Dakota, 2) Nevada, 3)
Texas, 4) Wyoming, 5) Florida, 6) Washington, 7) Alabama, 8) Utah, 9) Colorado, 10) Arizona, 11) Michigan, 12) Virginia, 13) Indiana, 14) South
Carolina, and 15) Mississippi.
In contrast, the states with the least favorable policy
environments include: 37) North
Carolina, 38) Massachusetts, 39) Nebraska, 40) Minnesota, 41) Rhode
Island, 42) Connecticut,
43) Oregon, 44) Iowa, 45) Hawaii, 46) Maine, 47) New
York, 48) Vermont, 49)
New Jersey, and 50) California.
SBE Council president and CEO Karen
Kerrigan noted: "With all of the focus on federal policy in
recent times, it is important to remember that policies at the
state level have a major effect on entrepreneurs and businesses for
better or for worse. Many governors understand that a friendly
policy environment is critical to attracting investment and
business, and they are working to improve key policies that will
help drive job growth, entrepreneurship and economic
opportunity. Small businesses are benefiting from policy
competition between the states, and it is encouraging to see
leadership on key issues such as fiscal reform, sensible spending,
and tax and regulatory relief. The difference in policy costs
from state to state can be quite striking, and that matters for
entrepreneurship and for a state's economy."
Raymond J. Keating, SBE Council's
chief economist and author of the study, pointed out, "Quite
simply, policy decisions matter when it comes to making business
and investment decisions. Entrepreneurs and investors understand
this fact of economic life. But it's hit or miss with elected
officials. As illustrated by this index, some get it, and some
clearly do not."
The "U.S. Business Policy Index 2012" (formerly the "Small
Business Survival Index") can be read and downloaded on SBE
Council's website here. For an interactive online U.S.
map summary, please click here.
U.S. Business Policy Index 2012
Policy Ranking (from most favorable to least
favorable)
Rank
|
State
|
1
|
South
Dakota
|
2
|
Nevada
|
3
|
Texas
|
4
|
Wyoming
|
5
|
Florida
|
6
|
Washington
|
7
|
Alabama
|
8
|
Utah
|
9
|
Colorado
|
10
|
Arizona
|
11
|
Michigan
|
12
|
Virginia
|
13
|
Indiana
|
14
|
South
Carolina
|
15
|
Mississippi
|
16
|
North
Dakota
|
17
|
Tennessee
|
18
|
Ohio
|
19
|
Alaska
|
20
|
New
Hampshire
|
21
|
Georgia
|
22
|
Missouri
|
23
|
Oklahoma
|
24
|
Pennsylvania
|
25
|
Louisiana
|
26
|
New
Mexico
|
27
|
Wisconsin
|
28
|
Kansas
|
29
|
Kentucky
|
30
|
West
Virginia
|
31
|
Idaho
|
32
|
Montana
|
33
|
Delaware
|
34
|
Arkansas
|
35
|
Illinois
|
36
|
Maryland
|
37
|
North
Carolina
|
38
|
Massachusetts
|
39
|
Nebraska
|
40
|
Minnesota
|
41
|
Rhode
Island
|
42
|
Connecticut
|
43
|
Oregon
|
44
|
Iowa
|
45
|
Hawaii
|
46
|
Maine
|
47
|
New
York
|
48
|
Vermont
|
49
|
New
Jersey
|
50
|
California
|
SBE Council is a nonpartisan, nonprofit advocacy, research and
education organization that works to protect small business and
promote entrepreneurship. For more information, please visit:
www.sbecouncil.org.
Contact: Raymond J.
Keating
631-909-1122 or 703-242-5840
Email: rkeating@sbecouncil.org
SOURCE Small Business & Entrepreneurship Council