Small Business Survival Index Released

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The Washington-based Small Business & Entrepreneurship Council (SBEC) released their 2006 small-business survival study last week. The Warren (Ohio) Tribune Chronicle reports their results compare states for the tax, spending, regulatory and litigation burdens, according to the council’s chief economist Raymond Keating.

Small businesses and the spirit of entrepreneurship are important for our economy. Any policies that affect the health and growth of businesses should be examined more closely for obstacles to this sector’s vitality. According to the Small Business Survival Index, some of the contributions of small businesses that make them the backbone of our economy are listed below:

The Index saw three new measurements added in 2006, according to the SBEC. Two government-spending indicators and another that examines how each state protects private property were added, according to Tribune Chronicle. The SBEC’s home state of Ohio came in at number 37 in the state ranking by tax burden, while the top ten were geographically diversified:

  1. South Dakota
  2. Nevada
  3. Wyoming
  4. Washington
  5. Florida
  6. Mississippi
  7. Alaska
  8. Alabama
  9. Texas
  10. Michigan

Their mission statement found on the SBEC Project Vote Smart web site reads, “The Small Business & Entrepreneurship Council works to influence legislation and policies that help to create a favorable and productive environment for businesses and entrepreneurship. By educating policymakers, legislators, the media and the public about the critical role that small businesses play in our economy—and how government actions can positively or negatively affect the small business community—SBSC strives to establish a solid public policy foundation upon which entrepreneurial activity and small businesses can survive and flourish.”


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