Top 10 States For Small Business

Forbes Small Business released rankings from the Small Business & Entrepreneurship Council about the survival rates of small businesses in various states.

The report which is 40 pages listed the best and worst states for small business based on tax rates and government policies (meddling). Actually it was based on 29 criteria, including tax rates on income, property and capital gains; health-care regulations; crime rates; government spending; bureaucracy; and labor costs, but I thought “taxes and meddling” described it pretty well.

The 10 best states were

The top 10:

1-South Dakota
2-Nevada
3-Wyoming
4-Alabama
5-Washington
6-Florida
7-Mississippi
8-Colorado
9-Texas
10-Michigan

The 10 worst were

51- Washington, D.C.
50-New Jersey
49-California
48-Rhode Island
47-Maine
46-Minnesota
45-New York
44-Hawaii
43-Massachusetts
42-Vermont
41-Iowa

Thanks to the The Entrepreneurial Mind for the heads up.