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SBE Council Ranks the States for Policy Friendliness in "U.S. Business Policy Index 2012"

Date : 12/13/2012 @ 10:00PM
Source : PR Newswire (US)

SBE Council Ranks the States for Policy Friendliness in "U.S. Business Policy Index 2012"

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

Copyright 2012 PR Newswire



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