Business Opportunities Weblog

October 13, 2004 by Dane Carlson | 2 Comments

Today, the Small Business & Entrepreneurship Council released its rankings of the states according to their respective public policy climates for small business and entrepreneurship in the Small Business Survival Index 2004.

According to the press release, the Small Business Survival Index for 2004 has been revised and expanded, including the addition of S-Corporation tax treatment, a new workers’ compensation cost measure, and each state’s status regarding regulatory flexibility statutes. The Index now analyzes 23 major government-imposed or government-related costs affecting small businesses and entrepreneurs, including an assortment of taxes and measures that reflect various regulatory costs, and computes an overall rating.

The most entrepreneur-friendly states according to the index are:

1) South Dakota
2) Nevada
3) Wyoming
4) Washington
5) Florida
6) Michigan
7) Mississippi
8) Alabama
9) Colorado
10) Indiana
11) Texas
12) Pennsylvania
13) South Carolina
14) New Hampshire
15) Virginia.

In contrast the most anti-entrepreneur policy environments are offered by the following:

37) North Carolina
38) Montana
39) Oregon
40) Ohio
41) Massachusetts
42) Vermont
43) Iowa
44) New Jersey
45) New York
46) Maine
47) Minnesota
48) Rhode Island
49) Hawaii
50) California
51) District of Columbia.

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