TOP 10 States - Which states love small business?
Which states love small business?
An exclusive FSB.com list rates states by how low they are on taxes and regulations facing entrepreneurs.
By Christian Zappone, CNNMoney.com staff writer
October 31 2006: 11:43 AM EST
NEW YORK (CNNMoney.com) — Its winters may be freezing cold, but South Dakota enjoys the warmest tax and regulatory climate for entrepreneurs, according to exclusive rankings for FSB.com from the Small Business & Entrepreneurship Council. Other states in the top 10 are: Nevada, Wyoming, Alabama, Washington, Florida, Mississippi, Colorado, Texas and Michigan.
Fortune Small Business’s list of who loves small business, released today, is based on the SBE Council’s Small Business Survival Index, which rates the 50 states and Washington, D.C. according to some of the major government-imposed or -related costs affecting investment, entrepreneurship, and business… [MORE]
Who loves small business best? 2006 - Which states are low on taxes and light on government regulations? Exclusive rankings for FSB.com from the Small Business & Entrepreneurship Council.*
| Rank | State | Index score |
|---|---|---|
| 1 |
South Dakota |
26.36 |
| 2 |
Nevada |
29.92 |
| 3 |
Wyoming |
35.84 |
| 4 |
Alabama |
40.33 |
| 5 |
Washington |
40.42 |
| 6 |
Florida |
40.82 |
| 7 |
Mississippi |
41.09 |
| 8 |
Colorado |
42.68 |
| 9 |
Texas |
42.71 |
| 10 |
Michigan |
42.74 |
| 11 |
South Carolina |
44.56 |
| 12 |
Indiana |
44.87 |
| 13 |
Tennessee |
44.97 |
| 14 |
Virginia |
45.46 |
| 15 |
Arizona |
45.75 |
| 16 |
Pennsylvania |
45.86 |
| 17 |
Alaska |
46.77 |
| 18 |
New Hampshire |
47.26 |
| 19 |
Delaware |
47.31 |
| 20 |
Arkansas |
48.16 |
| 21 |
Illinois |
48.49 |
| 22 |
Missouri |
49.24 |
| 23 |
Oklahoma |
49.46 |
| 24 |
North Dakota |
49.85 |
| 25 |
Georgia |
49.90 |
| 26 |
Utah |
50.10 |
| 27 |
Wisconsin |
51.48 |
| 28 |
Maryland |
51.85 |
| 29 |
New Mexico |
52.51 |
| 30 |
Montana |
53.90 |
| 31 |
Nebraska |
54.22 |
| 32 |
Connecticut |
54.25 |
| 33 |
Louisiana |
54.27 |
| 34 |
Idaho |
54.52 |
| 35 |
Kansas |
54.80 |
| 36 |
Kentucky |
56.27 |
| 37 |
West Virginia |
56.66 |
| 38 |
Ohio |
56.73 |
| 39 |
Oregon |
57.06 |
| 40 |
North Carolina |
57.48 |
| 41 |
Iowa |
57.76 |
| 42 |
Vermont |
59.48 |
| 43 |
Massachusetts |
61.06 |
| 44 |
Hawaii |
62.61 |
| 45 |
New York |
62.65 |
| 46 |
Minnesota |
63.59 |
| 47 |
Maine |
63.99 |
| 48 |
Rhode Island |
64.97 |
| 49 |
California |
65.12 |
| 50 |
New Jersey |
65.35 |
| 51 |
Washington, D.C.** |
75.42 |
Footnotes:
* SBE Council, a Washington, D.C.-based nonprofit which advocates for reduced government taxes and regulations on small business, tends to lobby for the Republican agenda when it comes to taxes and regulations.
** Washington, D.C. was not included in a study ranking states by liability systems, so DC.’s index score is underestimated.
(Source: CNNMoney.com)
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