D.C. Ranks Last in Small Business Survival Index
The Small Business and Entrepreneurship Council (SBE Council) released the 14th annual Small Business Survival Index 2009: Ranking the Policy Environment for Entrepreneurship Across the Nation. The index ranks states based on their public policy conditions for small businesses and entrepreneurship. Hometown Washington, D.C. was ranked dead last this year and Maryland, not much better, was ranked 37th. However, Virginia was ranked 10th.
The rankings are based on taxes, regulatory costs, government spending, property rights, and health care and energy costs to determine which states are the friendliest to small businesses. Virginia’s success is easy to explain – low tax rates. D.C. and Maryland refuse to address their job killing corporate tax rates. Around this time last year, I made a case for the elimination of the D.C. corporate income tax.
When pigs fly…
Click here to view the complete report.
Tweet
