The Small Business Survival Committee (SBSC) released its sixth annual rankings of the states according to their respective policy climates for small business in the “Small Business Survival Index 2001.”
“’Small Business Survival Index 2001’ offers a gauge by which to measure and compare how government in the states treats small businesses and entrepreneurs. Since small business serve as the backbone of the U.S. economy – for example, by providing the bulk of new jobs and majority of innovations – every state and local lawmaker should be concerned with the well-being of small business,” said SBSC Chief Economist Raymond J. Keating, author of the study.
“The Small Business Survival Index 2001” ties together 17 government-imposed or government-related costs impacting small businesses across a broad spectrum of industries, such as capital gains taxes and property taxes.
The most entrepreneur-friendly states are : Nevada, South Dakota, Washington, Wyoming, Florida, Texas, New Hampshire, Alabama, Mississippi, Tennessee, Colorado, Michigan, Illinois, Alaska and Virginia according to the “Small Business Survival Index 2001.”
The best policy environment for entrepreneurship consists of low taxes, limited government, restrained regulation and government protecting life, limb and property according to Keating. For a copy of the index, visit www.sgbsc.org .