The Albany Business Review reported that New York continues to be among the three least entrepreneur-friendly states, according to a new report by the Small Business & Entrepreneurship Council.
New York ranked No. 48 in 2009, followed by California and New Jersey. The District of Columbia ranked last as a region.
The council’s 14th annual “Small Business Survival Index,” released Tuesday, considers 36 costs to small businesses that are imposed by or reported by the government. Most factors are taxes, including personal income taxes, corporate income taxes, property taxes, unemployment taxes and health insurance taxes.
Also factored in are energy costs and crime rate.
The top five most entrepreneur-friendly states are South Dakota, Nevada, Texas, Wyoming and Washington.
The Oakton, Va.-based Small Business & Entrepreneurship Council is a nonpartisan, nonprofit small-business and entrepreneurship advocacy group.
To read the study, click here.
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