SC among top 10 for small business friendliness
A recent survey, completed by Thumbtack.com, in partnership with the Ewing Marion Kauffman Foundation, reveals that South Carolina is good for small business. The ranking is a result of the state's employment and labor regulations, the overall ease of hiring additional employees in the state, and the quality of its online resources for starting a business.
This is the second year the Thumbtack.com Small Business Friendliness Survey, which draws from an extensive universe of job creators and entrepreneurs nationwide, including small business owners, has been completed. South Carolina improved upon last year's survey results, going from a B+ earning to an A-.
"For the second year, South Carolina set an outstanding example of providing a supportive environment for small businesses," said Sander Daniels, co-founder of Thumbtack.com. "The state ranks among the best place to grow a business, encouraged no doubt by South Carolina's highly rated employment laws and training programs."
Some of the key findings for South Carolina include:
• South Carolina small businesses awarded the state an 'A-' for its employment and labor regulations and an 'A-' for the overall ease of hiring additional employees in the state.
• The state also earned a 'B+' for its training and networking programs.
• South Carolina was ranked #3 for the quality of its online resources for starting a business. The state's small businesses also reported one of the highest anticipated hiring rates for 2013.
Nationally, professional licensing requirements were more important to small business owners than taxes in determining a state's overall business-friendliness, confirming the findings from last year's study.
The top ranking states overall were Utah, Alabama, New Hampshire, Idaho, and Texas. The lowest rated were Illinois, California, Hawaii, Maine and, in last place, Rhode Island.
"It is critical to the economic health of every city and state to create an entrepreneur-friendly environment," said Dane Stangler, director of Research and Policy at the Kauffman Foundation. "Policymakers put themselves in the best position to encourage sustainable growth and long-term prosperity by listening to the voices of small business owners themselves."
The full survey results for SC can be seen by visiting www.thumbtack.com/sc and include full sets of rankings, easily searchable quotes from South Carolina small businesses, regional comparisons within states, and Census data comparing South Carolina's key demographics against those of other states.
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