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SFDF News & Information
| South Dakota #1 for the Last 7 Years! | 04/29/2009 |
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According to the study, "The Small Business Survival Index serves as the most comprehensive measure of the states in terms of which ones offer the most conducive environment for small businesses, and those that make it more difficult for entrepreneurs from a government-cost perspective. 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 2008 Index was expanded to cover 34 major government-imposed or government-related costs affecting small businesses and entrepreneurs and are added together for an overall rating. For the complete report visit http://www.sbecouncil.org/. The most entrepreneur-friendly states are: 1) South Dakota, 2) Nevada, 3) Wyoming, 4) Florida, 5) Washington, 6) Texas, 7) South Carolina, 8) Alabama, 9) Virginia, and 10) Colorado. The more difficult state policy environments for entrepreneurs include: 40) West Virginia, 41) Hawaii, 42) Iowa, 43) Vermont, 44) Massachusetts, 45) New York, 46) Minnesota, 47) Rhode Island, 48) Maine, 49) California, 50) New Jersey and 51) District of Columbia.
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