According to a report by the Small Business Survival Center, South Dakota offers the friendliest environment for small business. Nevada, Wyoming, New Hampshire and Florida round out the top 5.
The Small Business Survival Center is a conservative advocacy group for small business. Its annual report entitled Small Business Survival Index 2003, measures government-related factors such as tax burden, health care costs, number of state bureaucrats, crime rate, and even electricity costs. Those factors, according to the study, have the greatest impact on investment, entrepreneurship and business.
For readers here in Ohio wanting to know your own state’s ranking, well, it’s an unimpressive 39th.
Read the full study here.