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Pennsylvania Middle of the Road for Small Business Survival
by John Cappiello on December 11, 2009
The Small Business and Entrepreneurship Council released their small business survival index for 2009. Coming in at 27th was Pennsylvania.
According to the SBE Council’s chief economist Raymond Keating, “The ‘Small Business Survival Index’ helps business owners and investors understand the public policy burdens placed on entrepreneurship and small business, with the states ranked accordingly.”
Factors considered included various taxes (everything from income, gas, internet, through death taxes), health care costs, crime, utility costs, and various workers’ rights. Clearly hurting Pennsylvania’s score were corporate taxes.
The top ten friendly states were:
- South Dakota
- Nevada
- Texas
- Wyoming
- Washington
- Florida
- South Carolina
- Colorado
- Alabama
- Virginia
The least friendly was the District of Columbia followed closely by New Jersey.
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