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Tuesday, May 8, 2012

Survey: Idaho 'Friendliest' State for Small Business

Posted By on Tue, May 8, 2012 at 11:41 AM

Idaho tops the list of the latest rankings of the nation's friendliest states for small businesses. A new poll, released this morning by Thumbtack.com and the Kauffman Foundation, ranked Idaho, Texas, Oklahoma, Utah and Louisiana as the top five. Idaho, Texas, Oklahoma and Utah all scored an "A+," while Louisiana scored an "A."

Rankings were based on how small businesses rated their state's support, the ease of starting a new business and whether they would encourage other businesses to do the same.

Idaho won "A+" scores for "friendliness of tax code" and "state regulations." But Idaho pulled down a "D" for new-employee hiring costs.

The survey indicated the least friendly states to small businesses were Rhode Island, Vermont, Hawaii, California and New York.


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