Saturday, January 09, 2010

Small Business Survival Index 2009

Small Business Survival Index 2009

The Small Business and Entrepreneurship Council, a nonprofit, nonpartisan small business advocacy group that works to promote entrepreneurship, has released its Small Business Survival Index 2009, which ranks each of the 50 states according to their "climate for Entrepreneurship." This is the 14th consecutive year the Council has done such a study.

According to the Council chief and author of the study, Raymond J. Keating, "It’s hard to find any good news at the national level for entrepreneurs, small business and their employees. The U.S. economy slipped into a recession in December 2007, with matters getting far worse late last year. Congress and the White House have not offered positive solutions to help the job-creating sector. In fact, most of their actions will hurt, not help, small businesses. But what about the states? The ‘Small Business Survival Index’ helps business owners and investors understand the public policy burdens placed on entrepreneurship and small business, with the states ranked accordingly.”

So why does this matter? According to Keating, politicians often talk a good game when it comes to small businesses but don't follow up with action. The Small Business Survival Index shows what costs and trends affect entrepreneurship and small businesses. "These measures should matter to everyone because small businesses, of course, drive innovation, economic growth and job creation. If we want to get our economy back on a solid, robust growth track, then we need pro-entrepreneur policies at the federal, state and local levels," he said in a press release.

The Small Business Survival Index basically shows which states are most friendly to small business in regard to public policy. This includes taxes, regulatory costs, government spending, health care, property rights, and energy cost among other things. In 2009, the study covered 36 major government-related costs that affect small businesses. South Dakota and Nevada came in at the top, while New Jersey and Washington D.C. rounded out the bottom.

Here is the list in its entirety:

  1. South Dakota
  2. Nevada
  3. Texas
  4. Wyoming
  5. Washington
  6. Florida
  7. South Carolina
  8. Colorado
  9. Alabama
  10. Virginia
  11. Ohio
  12. Alaska
  13. Tennessee
  14. Utah
  15. Indiana
  16. Arizona
  17. North Dakota
  18. Missouri
  19. Mississippi
  20. Georgia
  21. Oklahoma
  22. Kentucky
  23. Michigan
  24. Illinois
  25. Arkansas
  26. Kansas
  27. Pennsylvania
  28. New Mexico
  29. Louisiana
  30. Wisconsin
  31. Montana
  32. Idaho
  33. New Hampshire
  34. Nebraska
  35. Delaware
  36. West Virginia
  37. Maryland
  38. Oregon
  39. North Carolina
  40. Connecticut
  41. Iowa
  42. Hawaii
  43. Minnesota
  44. Massachusetts
  45. Rhode Island
  46. Maine
  47. Vermont
  48. New York
  49. California
  50. New Jersey
  51. Washington D. C.

You can view the entire report here: Small Business Survival Index 2009

Looking for a GeoVison Security Camera System to help secure your small or medium business? Call today at 877-422-1907 for a free phone consultation. Ask about the new Hybrid DVR/NVR surveillance solutions.

No comments: