Starting a new business is tough in any economic environment. According to the latest 2012 Kauffman Index of Entrepreneurial Activity, these ten states saw the greatest start-up activity.
#1. Arizona Low business & property taxes, and a highly educated workforce.
#2. Texas No personal or corporate taxs with reasonable labor and housing costs
#3. California A surprise, but start-ups are attracted
#4. Colorado Business owners are welcomed with state funded programs for entrepreneurs and small business owners
#5. Alaska No state income tax and no sales tax. The best business start-ups are restaurants and seasonal boutiques catering to tourists
#6. Missouri Low taxes and cheap electricity
#7. Nevada No business income tax, no estate or franchise tax. Low income taxes
#8. Vermont An extensive venture capital network for start-ups. A highly skilled workforce
#9. Idaho Overall low-cost of living and low electricity costs
#10. Florida Small businesses make up 75% of state’s GDP. No personal income tax. Relaxed regulatory restriction and reduced business taxes