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Idaho Earns A+ from Small Business

4/16/2013

(San Francisco, CA) 4/16/2013: Thumbtack.com, in partnership with the Ewing Marion Kauffman Foundation, has released the second-annual Thumbtack.com Small Business Friendliness Survey showing that small business owners gave Idaho top marks across several categories, as well as ranking #1 for the ease of starting a business

The Thumbtack.com Small Business Friendliness Survey is the only survey to obtain data from an extensive, nationwide universe of job creators and entrepreneurs in order to determine the most business-friendly locations. While there are various “business climate rankings” that rate locations as good or bad for business, there are no others that draw upon considerable data from small business owners themselves.

“In surveying thousands of small businesses across America, we found that clear and consistent regulations and relevant training programs are among the most important things a state can provide,” said Sander Daniels, co-founder of Thumbtack.com. “Idaho's consistent attention to these factors allows the state to provide an environment in which businesses can succeed - making it no surprise that the state earned an 'A+' again this year.”

Some of the key findings for Idaho include:

  • Idaho earned an A+ for its overall small business friendliness. Additionally, the state ranked #1 for its licensing regulations.
  • The state also received a #1 ranking for its training and networking programs.
  • 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.
  • African-American and Hispanic small business owners were more likely than their white counterparts to encourage others to start a new business.
  • 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.
  • Idaho small business owners rated the state among the top 5 for its online business resources.
  • The state's lowest grades were a pair of A-'s for its zoning requirements and environmental regulations.

“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 can be seen here and include full sets of rankings, easily searchable quotes from Idaho small businesses, regional comparisons within states, and Census data comparing Idaho's key demographics against those of other states.

 

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Clark Krause
Executive Director
Mobile: 208-863-9675
Phone: 208-472-5230
ckrause@bvep.org
Charity Nelson
Director of Economic Development
Mobile: 208-863-8521
Phone: 208-472-5240
cnelson@bvep.org
Ethan Mansfield
Project & Research Manager
Mobile: 208-921-4686
Phone: 208-472-5246
emansfield@bvep.org
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Suite 300
Boise, Idaho 83702
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