Small Business & Entrepreneurship Council Study - U.S. Business Policy Index (2012)
The Small Business & Entrepreneurship Council (SBE Council) released its "U.S. Business Policy Index 2012: Ranking the States on Policy Measures and Costs Impacting Small Business and Entrepreneurship."
The Index, now in its 17th year, ranks the 50 states according to 46 different policy measures, including a wide array of tax, regulatory and government spending measures.
The most entrepreneur-friendly states under the "U.S. Business Policy Index 2012" are:
1) South Dakota
14) South Carolina
In contrast, the states with the least favorable policy environments include:
37) North Carolina
41) Rhode Island
47) New York
49) New Jersey
SBE Council president and CEO Karen Kerrigan noted: "With all of the focus on federal policy in recent times, it is important to remember that policies at the state level have a major effect on entrepreneurs and businesses for better or for worse. Many governors understand that a friendly policy environment is critical to attracting investment and business, and they are working to improve key policies that will help drive job growth, entrepreneurship and economic opportunity. Small businesses are benefiting from policy competition between the states, and it is encouraging to see leadership on key issues such as fiscal reform, sensible spending, and tax and regulatory relief. The difference in policy costs from state to state can be quite striking, and that matters for entrepreneurship and for a state's economy."
Raymond J. Keating, SBE Council's chief economist and author of the study, pointed out, "Quite simply, policy decisions matter when it comes to making business and investment decisions. Entrepreneurs and investors understand this fact of economic life. But it's hit or miss with elected officials. As illustrated by this index, some get it, and some clearly do not."
PDF document http://www.sbecouncil.org/wp-content/uploads/2012/12/USBPI2012.pdf