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Small Business & Entrepreneurship Council (SBE Council) Releases "Small Business Survival Index 09"

Tuesday, December 01, 2009  
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Protecting small business, Promoting entrepreneurship

"Small Business Survival Index 2009" Ranks State Policy Climates for Entrepreneurship

The Small Business & Entrepreneurship Council (SBE Council) today released its 14th annual rankings of the states according to their public policy climates for small business and entrepreneurship in the "Small Business Survival Index 2009: Ranking the Policy Environment for Entrepreneurship Across the Nation." (Access the SBSI 2009 map of the states by clicking here

SBE Council chief economist Raymond J. Keating, author of the study, said: "It's hard to find any good news at the national level for entrepreneurs, small business and their employees. The U.S. economy slipped into a recession in December 2007, with matters getting far worse late last year.  Congress and the White House have not offered positive solutions to help the job-creating sector. In fact, most of their actions will hurt, not help, small businesses.  But what about the states? The ‘Small Business Survival Index' helps business owners and investors understand the public policy burdens placed on entrepreneurship and small business, with the states ranked accordingly."

Keating continued: "Policy matters.  Most politicians talk a good game when it comes to small business, but their actions don't often match their rhetoric.  The ‘Small Business Survival Index' gets at the public policy costs and trends that affect - directly or indirectly - entrepreneurship and small businesses. These measures should matter to everyone because small businesses, of course, drive innovation, economic growth and job creation. If we want to get our economy back on a solid, robust growth track, then we need pro-entrepreneur policies at the federal, state and local levels."

The "Small Business Survival Index" is the most comprehensive measure of which states are truly friendly to small business, and which are not in terms of public policy decisions.  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 2009 Index has been expanded to cover 36 major government-imposed or government-related costs affecting small businesses and entrepreneurs.  The measures are added together for an overall rating. 

In terms of their policy environments, the Top-Ten entrepreneur-friendly states under the "Small Business Survival Index 2009" are: 1) South Dakota, 2) Nevada, 3) Texas, 4) Wyoming, 5) Washington, 6) Florida, 7) South Carolina, 8) Colorado, 9) Alabama, and 10) Virginia.  In contrast, the Bottom-Ten include: 42) Hawaii, 43) Minnesota, 44) Massachusetts, 45) Rhode Island, 46) Maine, 47) Vermont, 48) New York, 49) California, 50) New Jersey and 51) District of Columbia.   Complete rankings are found below.

Following are the complete state rankings for the "Small Business Survival Index 2009":

Small Business Survival Index 2009: State Rankings

Rank        State                       SBSI Score

1          South Dakota              25.693

2          Nevada                        31.348

3          Texas                           32.082

4          Wyoming                     37.069

5          Washington                42.955

6          Florida                         45.284

7          South Carolina           48.001

8          Colorado                     48.250

9          Alabama                     48.823

10        Virginia                       50.843

11        Ohio                             51.250

12        Alaska                         51.554

13        Tennessee                 51.855

14        Utah                            52.404

15        Indiana                       52.602

16        Arizona                       52.803

17        North Dakota             53.044

18        Missouri                      53.277

19        Mississippi                 53.439

20        Georgia                      53.781

21        Oklahoma                  53.868

22        Kentucky                   54.877

23        Michigan                    55.383

24        Illinois                        55.983

25        Arkansas                   56.006

26        Kansas                       57.813

27        Pennsylvania            57.847

28        New Mexico               58.101

29        Louisiana                    58.111

30        Wisconsin                   58.800

31        Montana                     59.041

32        Idaho                          61.705

33        New Hampshire        61.995

34        Nebraska                   62.143

35        Delaware                   62.775

36        West Virginia            63.689

37        Maryland                   64.342

38        Oregon                       65.179

39        North Carolina          65.497

40        Connecticut              66.627

41        Iowa                           67.485

42        Hawaii                        68.454

43        Minnesota                 72.149

44        Massachusetts        72.515

45        Rhode Island            73.339

46        Maine                        74.699

47        Vermont                    75.717

48        New York                    76.940

49        California                   77.749

50        New Jersey                  84.730

51        Dist. of Columbia         84.795

 

Please visit SBE Council's website to download a full copy of the

"Small Business Survival Index 2009" http://sbecouncil.org/survivalindex2009/ 


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