Colorado No. 8 for friendly small business climate
Small Business & Entrepreneurship Council, a lobbying group, has ranked Colorado No. 8 in the nation among states with a friendly small business climate.
The council’s Small Business Survival Index 2009 rates states on small business and entrepreneurship policy and tax structures. Regulatory costs, government spending, property rights policy, crime rate and health care and energy costs are also considered.
The friendliest small business climates are South Dakota, Nevada, Texas, Wyoming, Washington, Florida and South Carolina, and the least friendly are Washington, D.C., New Jersey, California and New York.
Last year Colorado was listed at No. 11.
The index also ranked Colorado:
- 8th for lowest top corporate income tax rates
- 10th for lowest top corporate capital gains tax rates
- 15th for lowest state and local sales and excise taxes
- 18th for lowest electric utility costs
- 20th for fewest state and local government employees
- 20th for lowest state and local property taxes
- 22nd for lowest crime rate
- 28th for lowest state and local government spend, 2006-07
- 36th for fewest health insurance mandates
Click here to read the report.
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