From the Cherry Hill Courier Post:
New Jersey ranked second-worst in the nation for its “public policy climate for small business and entrepreneurship, according to a study by the Small Business & Entrepreneurship Council.
According to SBE Council chief economist Raymond J. Keating, author of the study, “In politics, talk is cheap, and everybody talks about how much they love small business. The “Small Business Survival Index 2006″ moves past the rhetoric to actually rank the states according to the policies implemented in terms of taxes, regulation, spending and other governmental costs affecting the entrepreneurial sector of our economy.”
The index analyzes 29 major government-imposed or government-related costs affecting small businesses and entrepreneurs. These measures are added together to compute an overall rating.
The study can be found here:
In terms of their policy environments, the most entrepreneur-friendly states under the Small Business Survival Index 2006 are: 1) South Dakota, 2) Nevada, 3) Wyoming, 4) Alabama, 5) Washington, 6) Florida, 7) Mississippi, 8) Colorado, 9) Texas, 10) Michigan, 11) South Carolina, 12) Indiana, 13) Tennessee, 14) Virginia, and 15) Arizona. In contrast, the most anti-entrepreneur policy environments are offered by the following: 37) West Virginia, 38) Ohio, 39) Oregon, 40) North Carolina, 41) Iowa, 42) Vermont, 43) Massachusetts, 44) Hawaii, 45) New York, 46) Minnesota,
47) Maine, 48) Rhode Island, 49) California, 50) New Jersey and 51) District of Columbia. (Please note that the District of Columbia was not included in the study ranking the states according to their liability systems, so D.C.’s last place score actually is worse.)