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Best States for Small Business

Some states love small business a little more than others. CNNMoney names the top 10

By Sophie Goldstein, Newser User

Posted Nov 25, 2007 2:54 PM CST

(Newser) – If you want your seed of genius to grow, plant it in the right soil. CNNMoney finds the most small-business-friendly states:

South Dakota: No tax personal income, capital gains, corporate income, or corporate capital gains and low energy costs.
Nevada: No income, capital gains, corporate income, or corporate capital gains tax and some of the country's lowest property taxes.

Wyoming: Low energy costs and no personal income, capital gains, corporate income, or corporate capital gains tax.
Washington: Low taxes and electricity costs.
Florida: No personal, capital gains, or death taxes.
Michigan: Low taxes all round with the exception of onerous property taxes.
Texas: No personal or capital gains taxes, and low corporate income and corporate capital gains taxes.
South Carolina: Personal income tax is high, but other taxes, electricity and gas are low.
Virginia: Proximity to the federal government, highly educated and affluent households, and a great policy climate.
Alabama: Low taxes across the board.

(Index Open (http://www.indexoen.com))

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Best States for Small Business

Some states love small business a little more than others. CNNMoney names the top 10

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OTHER STORIES ON OUR RADAR

Florida • Texas • South Carolina • Washington • Michigan • small businesses • Virginia • South Dakota • Alabama • Wyoming • small business • Nevada

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

GOP AGs Will Sue to Overturn Health Reform

Eleven states plan to cite constitutionality of newly passed measure

South the Big Winner in New Census

Northeast, Midwest would lose seats if today's census was used

12 Unique Destinations for 2010

National Trust offers up Dozen Distinctive Destinations

After NH, What’s Next?

Ethnic blocs come into play in Mich., SC, Nev.; hopefuls will have to bear down on issues

GOP Penalizes 5 Early Primary States

Party leaders will deprive them of half their delagates at convention

About Us

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Newser By Users

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What is Newser?