Image courtesy of the Small Business and Entrepreneurship Council.
Great news for South Dakota! Our state is the most entrepreneur-friendly state as named by the Small Business & Entrepreneurship Council. The information was released in the 19th annual “Small Business Policy Index 2014: Ranking the States on Policy Measures and Costs Impacting Small Business and Entrepreneurship.”
According the 2014 Small Business Policy Index, South Dakota offers the best public policy climate for entrepreneurship and small business among the 50 states. The Business Policy Index ranks all 50 states according to 42 different policy measures which include tax, regulatory and government spending measurements and measures how those policies impact entrepreneurship and small business growth.
According to Raymond J. Keating, SBE Council’s chief economist, “The Small Business Policy Index provides the most comprehensive comparison of state policies that affect entrepreneurship, small business and investment… Consider that when it comes to economic growth, population growth, and shifts in population among the states, for example, the top 25 states on the Index perform, on average, far better than the bottom 25 states.”
As stated in the 2014 Small Business Policy Index, “South Dakotans can take pride in the fact that their state stands out as a monument of sound policymaking. It offers the best public policy climate for entrepreneurship and small business among the 50 states.”
Other states listed in the top 10, according to the Small Business Policy Index 2014, include, in order: Nevada, Texas, Wyoming, Florida, Washington, Alabama, Indiana, Colorado and North Dakota.
- Keating, R. (2014, December). Ranking the States on Policy Measures and Costs Impacting Small Business and Entrepreneurship.
- SBE Council Ranks the 50 States in Small Business Policy Index 2014. (2014, December 11).