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.
Shama Hyder on November 26th, 2007 at 8:26 am
I am really glad to see that Texas made the top 10 list!
John on November 27th, 2007 at 3:45 am
It’s no surprise that Washington DC would be at the bottom of the list for this, they are not the place where rhyme or reason prevails. I think they come in last in most categories.