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Tuesday, December 1, 2009
Hawaii 42nd in Small Business Survival
By News Release @ 2:24 PM :: 7519 Views :: Energy, Environment, National News, Ethics

The Small Business & Entrepreneurship Council (SBE Council) today released its 14th annual rankings of the states according to their public policy climates for small business and entrepreneurship in the "Small Business Survival Index 2009: Ranking the Policy Environment for Entrepreneurship Across the Nation."

SBE Council chief economist Raymond J. Keating, author of the study, said: "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."

Keating continued: "Policy matters. Most politicians talk a good game when it comes to small business, but their actions don't often match their rhetoric. The ‘Small Business Survival Index' gets at the public policy costs and trends that affect - directly or indirectly - 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."

The "Small Business Survival Index" is the most comprehensive measure of which states are truly friendly to small business, and which are not in terms of public policy decisions. The factors included in the Index - taxes, various regulatory costs, government spending, property rights, health care and energy costs, and much more - matter a great deal to the competitiveness of each state and to the well being of small business.

The 2009 Index has been expanded to cover 36 major government-imposed or government-related costs affecting small businesses and entrepreneurs. The measures are added together for an overall rating.

Top-Ten entrepreneur-friendly states under the "Small Business Survival Index 2009" are:

  • 1) South Dakota, *2) Nevada, *3) Texas, *4) Wyoming, *5) Washington, *6) Florida, *7) South Carolina, *8) Colorado, *9) Alabama, and *10) Virginia.

    Bottom-Ten include:

    • 42) Hawaii, *43) Minnesota, *44) Massachusetts, *45) Rhode Island, *46) Maine, *47) Vermont, *48) New York, *49) California, *50) New Jersey and *51) District of Columbia.

       

    Small Business Survival Index 2009: State Rankings

      ''Rank / State / SBSI Score

    • 1 South Dakota 25.693

    • 2 Nevada 31.348

    • 3 Texas 32.082

    • 4 Wyoming 37.069

    • 5 Washington 42.955

    • 6 Florida 45.284

    • 7 South Carolina 48.001

    • 8 Colorado 48.250

    • 9 Alabama 48.823

    • 10 Virginia 50.843

    • 11 Ohio 51.250

    • 12 Alaska 51.554

    • 13 Tennessee 51.855

    • 14 Utah 52.404

    • 15 Indiana 52.602

    • 16 Arizona 52.803

    • 17 North Dakota 53.044

    • 18 Missouri 53.277

    • 19 Mississippi 53.439

    • 20 Georgia 53.781

    • 21 Oklahoma 53.868

    • 22 Kentucky 54.877

    • 23 Michigan 55.383

    • 24 Illinois 55.983

    • 25 Arkansas 56.006

    • 26 Kansas 57.813

    • 27 Pennsylvania 57.847

    • 28 New Mexico 58.101

    • 29 Louisiana 58.111

    • 30 Wisconsin 58.800

    • 31 Montana 59.041

    • 32 Idaho 61.705

    • 33 New Hampshire 61.995

    • 34 Nebraska 62.143

    • 35 Delaware 62.775

    • 36 West Virginia 63.689

    • 37 Maryland 64.342

    • 38 Oregon 65.179

    • 39 North Carolina 65.497

    • 40 Connecticut 66.627

    • 41 Iowa 67.485

    • 42 Hawaii 68.454

    • 43 Minnesota 72.149

    • 44 Massachusetts 72.515

    • 45 Rhode Island 73.339

    • 46 Maine 74.699

    • 47 Vermont 75.717

    • 48 New York 76.940

    • 49 California 77.749

    • 50 New Jersey 84.730

    • 51 Dist. of Columbia 84.795

    LINK TO >>>  "Small Business Survival Index 2009"

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