05/24/2022

Small Business Policy Index 2018: Ranking the States on Policy Measures and Costs Impacting Small Business and Entrpreneurship

SBE Council President and CEO Karen Kerrigan said: “Fortunately for entrepreneurs and small businesses, the policy environment in terms of taxes and regulations has improved at the federal level over the past year. There is a concerted effort and real action to reduce tax and regulatory burdens on small businesses and entrepreneurs, which has improved the overall business environment making the U.S. more globally competitive. The same can be said in a variety of states in recent times, such as Indiana, Ohio, Arizona and North Carolina. In those states, governors and state legislators have recognized the need to offer a competitive policy environment in order to attract and keep the entrepreneurs, businesses and investment that drive economic and job growth. But other states, like California, just keep getting worse by piling more costs and taxes on small businesses and entrepreneurs. As the data makes clear, the more competitive states on the Index are benefitting from the exodus of people, capital and businesses from these high-tax and high-regulation states.””

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