Which States Love Small Business?

November 26, 2007 by Rich | 2 Comments
In Government, Small Biz, Taxes


Fortune Small Business:

Entrepreneurs, zip up your parkas and head for the plains! South Dakota once again leads the list of U.S. states with the best tax and regulatory climate for small business, according to the Small Business and Entrepreneurship Council’s latest ranking.

Rounding out the top three were Nevada and Wyoming, unchanged from last year. The rest of the top 10 includes Washington, Florida, Michigan, Texas, South Carolina, Virginia and Alabama.

The nation’s capital came in dead last once again, preceeded by California and New Jersey.

Last year’s index used 29 factors to rank states with the lowest taxes and lightest regulatory burden. This year’s list added two new criteria: corporate capital gains tax rates and transportation infrastructure.

Photo by Mark Matcho.

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