In October, the Small Business & Entrepreneurship Council released its tenth annual ranking of the states according to their public policy climates for small business and entrepreneurships. The Index serves as a state-by-state gauge to assist in determining if public policies are helping or hurting the entrepreneurial sector.
This comprehensive index analyzes 26 major government-imposed or government-related costs affecting small businesses and entrepreneurs, including a variety of tax issues and measures that reflect various regulatory costs. These government-imposed or government-related costs are added together to compute an overall rating.
Topping the list as the top ten most entrepreneur-friendly states are: 1) South Dakota, 2) Nevada, 3) Wyoming, 4) Washington, 5) Michigan, 6) Florida, 7) Mississippi, 8) Alabama, 9) Indiana, and 10) Colorado.
In contrast, the ten most âanti-entrepreneurâ? states are: 42) Massachusetts, 43) Vermont, 44) New York, 45) New Jersey, 46) Hawaii, 47) Minnesota, 48) Rhode Island, 49) Maine, 50) California, and 51) the District of Columbia.