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Small Business Group Ranks the 50 States in “Small Business Policy Index 2013″ | Small Business News, Tips, Advice – Small Business Trends

Small Business Group Ranks the 50 States in “Small Business Policy Index 2013″

  • December 13, 2013

WASHINGTON, Dec. 12, 2013 /PRNewswire-USNewswire/ – Today, the Small Business & Entrepreneurship Council (SBE Council) released its 18th annual “Small Business Policy Index 2013: Ranking the States on Policy Measures and Costs Impacting Small Business and Entrepreneurship.”

SBE Council has published the state Index for 18 years, which ranks the 50 states according to 47 different policy measurements, including a wide array of tax, regulatory and government spending measures.

The states that have the most entrepreneur-friendly policies under the “Small Business Policy Index 2013″ are: 1) South Dakota, 2) Nevada, 3) Texas, 4) Wyoming, 5) Florida, 6) Washington, 7) Alabama, 8) Indiana, 9) Ohio, 10) Utah, 11) Michigan, 12) North Dakota, 13) Arizona, 14) Colorado, and 15) Virginia.

In contrast, the states with the least friendly policy environments for small businesses are: 40) Rhode Island, 41) Connecticut, 42) Oregon, 43) Iowa, 44) Maine, 45) Minnesota, 46) Hawaii, 47) New York, 48) Vermont, 49) New Jersey, and 50) California.

The “Small Business Policy Index 2013″ can be read and downloaded here, with an interactive map and slide show on SBE Council’s website here. SBE Council president and CEO Karen Kerrigan said: “Policy reforms that bolster small business startup and growth are mostly being implemented at the state level.  Unfortunately, federal policy and uncertainty remains an overall negative for entrepreneurs and small businesses. But states vary widely in terms of their policy approaches. The top states on the Small Business Policy Index 2013 are streamlining government and lifting burdens like excessive taxation and regulation. They are passing responsible budgets, and living within their means. The worst ranked states keep treating small businesses and entrepreneurs as piggy banks to fund higher spending and bankrupt programs.”

Kerrigan added: “Governors and state leaders who are serious about improving their entrepreneurial ecosystems are aggressively working to change policies that are harming entrepreneurship and business growth.  The White House needs to closely examine what the most successful states are doing to help entrepreneurs.  These pro-growth policies, if enacted at the federal level, would make a major difference for U.S. economic growth and competitiveness.”

Raymond J. Keating, SBE Council’s chief economist and author of the study, pointed out, “This study is straightforward and well documented. The Small Business Policy Index 2013 is built on sound, clear-cut economics, as understood in Economics 101 and evidenced by the many studies cited in the Index. Quite simply, the states are compared and ranked according to how state and local government policies impact costs and incentives for entrepreneurship and investment. In turn, such risk taking is critical to economic growth, income growth and job creation.”

Keating added, “Small business owners and business leaders need to look at the details for their respective states.  The Small Business Policy Index 2013 is a valuable tool to let policymakers know where improvements are needed, so that entrepreneurs can do what they do best, that is, start up and build businesses, innovate, grow the state’s economy, and create jobs.”

Small Business Policy Index 2013

Rank

State     

 SBPI

1

South Dakota    

34.627

2

Nevada    

37.537

3

Texas      

39.520

4

Wyoming    

44.414

5

Florida     

48.863

6

Washington 

54.500

7

Alabama   

57.758

8

Indiana    

58.138

9

Ohio          

61.372

10

Utah         

62.740

11

Michigan       

62.782

12

North Dakota  

63.490

13

Arizona        

64.590

14

Colorado    

65.500

15

Virginia  

65.538

16

Mississippi      

66.713

17

South Carolina    

66.808

18

Tennessee       

68.081

19

New Hampshire  

68.789

20

Alaska     

69.487

21

Louisiana         

70.051

22

Georgia       

70.307

23

Kansas         

71.645

24

Oklahoma     

73.392

25

Pennsylvania

73.685

26

Missouri      

73.703

27

New Mexico    

76.799

28

West Virginia   

79.011

29

Wisconsin       

80.024

30

Kentucky      

80.061

31

North Carolina 

80.777

32

Idaho         

80.782

33

Montana     

81.169

34

Delaware      

81.452

35

Illinois      

83.047

36

Arkansas       

83.462

37

Maryland   

84.491

38

Massachusetts 

86.408

39

Nebraska     

88.476

40

Rhode Island

94.255

41

Connecticut    

94.632

42

Oregon          

94.952

43

Iowa            

97.002

44

Maine          

103.264

45

Minnesota     

103.486

46

Hawaii        

107.070

47

New York    

107.213

48

Vermont       

107.221

49

New Jersey    

109.265

50

California     

113.637



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