December 16, 2013

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Article

Utah Ranked 10th for Small-Business Friendliness

Press Release

December 16, 2013

The Small Business & Entrepreneurship Council (SBE Council) has released its 18th annual report, "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. It ranks the 50 states according to 47 different policy measurements, including a range 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

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

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

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."

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