Friday, November 30, 2007

Small Business is Big Business

As many Americans work for small businesses as large businesses.

It would be very easy to argue that whether you are fiscally liberal or conservative, you likely work for a small business or people you care about do and thus what is good for small business is good for you.

Which states love small business?

Entrepreneurs, zip up your parkas and head for the plains! South Dakota once again leads the list of U.S. states with the best tax and regulatory climate for small business, according to the Small Business and Entrepreneurship Council's latest ranking.

Rounding out the top three were Nevada and Wyoming, unchanged from last year. The rest of the top 10 includes Washington, Florida, Michigan, Texas, South Carolina, Virginia and Alabama.

The nation's capital came in dead last once again, preceded by California and New Jersey.

Last year's index used 29 factors to rank states with the lowest taxes and lightest regulatory burden. This year's list added two new criteria: corporate capital gains tax rates and transportation infrastructure.

The Ten Worst? (in order):
Washington D.C.
New Jersey
Rhode Island
New York

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