SBE Council Releases Small Business Survival Index
The Small Business & Entrepreneurship Council (SBE Council) released its 16th annual ranking of the states according to their public policy climates for small business and entrepreneurship in the "Small Business Survival Index 2011: Ranking the Policy Environment for Entrepreneurship Across the Nation."
To access the "Small Business Survival Index" report please click here.
To view the interactive map of "Small Business Survival Index" findings, please click here.
SBE Council chief economist Raymond J. Keating, author of the study, noted: "The economy over the past four years has been simply abysmal, featuring a long and deep recession, followed by a very poor recovery. Particularly in 2009 and 2010, state and local governments were viewed as entities needing bailouts from the federal government. In reality, though, doling out more funds to state and local politicians accomplishes nothing in terms of improving a state's economy and competitiveness. Instead, state and local lawmakers need to be pro-active in advancing pro-growth policies. Economic recovery and job growth, after all, are all about private sector entrepreneurship and investment."
Keating continued, "Elected officials have a clear choice. They can expand government, tax too much, and over regulate, and thereby restrain entrepreneurship, small businesses and the economy. Or, they can provide a climate of low taxes, reasonable regulation, and limited government spending, which is critical for economic, income, and employment growth. Unfortunately, as illustrated by the 'Small Business Survival Index,' too many elected officials just don't get it, and impose costly policies that chase away entrepreneurs, businesses, capital and jobs."
Keating added: "But policy leadership is being provided in the states that rank best on the Index. For example, some of the top states don't just keep income and capital gains tax low, they do not even impose such taxes. That's bold policymaking and good news for entrepreneurs, small businesses and investors."