Monday, January 11, 2010

Survey: Ohio tops in Midwest for small businesses

Source: Business First of Columbus

Ohio moved up several slots to just outside the top 10 in an annual Small Business & Entrepreneurship Council survey of the best states for entrepreneurship.
The Oakton, Va.-based council ranked the state 11th in its 2009 Small Business Survival Index. That's up from 18th last year.
The index, available for download here, grades states based on their public policy climates for small businesses and entrepreneurs. Measures include personal and corporate income tax rates, capital gains tax rates, property taxes and health insurance mandates.
Ohio, the top-ranked state in the Midwest, scored the highest marks at No. 6 in both the corporate income tax and capital gains tax rates. The state was among the 10 worst states for businesses' workers' compensation burden.
South Dakota was ranked No. 1 on the list, while New Jersey was ranked No. 50.


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