Truckers and others thinking about starting a small business can now find out how the states are ranked according to small business and entrepreneurship. The Small Business Survival Index 2001 offers a gauge by which to compare how government in the states treats small businesses and entrepreneurs.
According to chief economist Raymond J. Keating, author of the study, small business serves as the backbone of the U.S. economy. "In an increasingly mobile and competitive national economy, differences in government-imposed costs of doing business can make a huge difference between whether a state grows economically or falls behind," states SBSC President Darrell McKigney. "The purpose of the 'Small Business Survival Index 2001' is to let citizens and lawmakers know how they stack up with the rest of the country in terms of being friendly to small businesses and economic growth."
The "Small Business Survival Index 2001" ties together 17 major government-imposed or government-related costs impacting small businesses and entrepreneurs across a broad spectrum of industries and types of businesses. These include personal income taxes, capital gains taxes, corporate income taxes, property taxes, sales taxes, death taxes, unemployment taxes, health insurance taxes, electricity costs, workers' compensation costs, crime rates, right to work status, number of bureaucrats, tax limitation status, Internet taxes, gas taxes and state minimum wages.
The most entrepreneur-friendly states under the "Small Business Survival Index 2001" are: 1) Nevada, 2) South Dakota, 3) Washington, 4) Wyoming, 5) Florida, 6) Texas, 7) New Hampshire, 8) Alabama, 9) Mississippi, 10) Tennessee, 11) Colorado, 12) Michigan, 13) Illinois, 14) Alaska and 15) Virginia. In contrast, the most anti-entrepreneur policy environments are offered by the following: 37) New Jersey, 38) Montana, 39) Iowa, 40) Ohio, 41) West Virginia, 42) Vermont, 43) New York, 44) California, 45) New Mexico, 46) Minnesota, 47) Kansas, 48) Maine, 49) Hawaii, 50) Rhode Island and 51) District of Columbia.
For a copy of the "Small Business Survival Index 2001," visit SBSC's web site at www.sbsc.org.