Ranking the States: South Dakota Down to DC
South Dakota was recently named the most entrepreneur friendly state in the Small Business Survival Index put out each year by the Small Business & Entrepreneurship Council. The 2009 edition again ranks the policy environment of all 50 states plus the District of Columbia - which again finished last.
The fourteenth annual index examines 36 major government-imposed or government-related costs impacting small businesses and entrepreneurs -- with a heavy emphasis on various tax rates (e.g. personal, corporate, capital gains, property, sales) and regulatory costs.
The top states? (in order from 1st - 10th)
- South Dakota
- South Carolina
The bottom? (in order from 42nd - 51st)
- Rhode Island
- New York
- New Jersey
- District of Columbia