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The Only Factor To Consider When Choosing a State - Making Money

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The Only Factor To Consider When Choosing a State - Making Money Empty The Only Factor To Consider When Choosing a State - Making Money

Post by Jackrabbit Mon Aug 26, 2013 10:56 pm

Now it's all about finding the cheapest state to live where there is actually SOME work! With Obamacare (same as Massachusetts Romneycare) companies are now getting rid of all full-timers, reducing hours to part time and only hiring part timers to avoid having to supply you with healthcare (Walmart is conveniently exempt). You have to choose a state where the cost of living does not eat you alive with your new part-time lifetime career. Here is THE map to help you decide. HINT - Stay out of the dark blue states:

http://robslink.com/SAS/democd59/minimum_wage_and_rent.htm


The other factor is if you are looking to start a SMALL business do not look into a state with a lot of regulation. Examples: Utah requires each new business to complete a business registration which includes registration with the Utah State Tax Commission, Utah Labor Commission, Utah Department of Commerce, Utah Department of Workforce Services, and the Utah Department of Environmental Quality! North Carolina, for example, has "over 700 regulatory, state issued and occupational licenses and permits. In addition, a local license may be required for your business." And many service and technical professions require licensing. How are you supposed to know what to do and what is required? Washington state also requires a business license  for every business. Florida is regulated BEYOND BELIEF!

The trouble with analysis, though, is that many of the so called  “unfriendly” states are actually home to much larger numbers of small businesses than the “friendly” states.

Vermont, for example, which earned an “F” in the ranking, in part because of its cumbersome environmental and zoning regulations, has nearly twice as many small businesses per capita as laissez-faire Texas, which scored an “A+.” Vermont also does not require extensive licensing for small start ups unless it effects the environment. For example if you want to build a building for your business it is VERY regulated. If you want to open a boutique in an existing storefront you don't really need to do anything in most areas. Low-ranking New York and Rhode Island likewise have more small businesses than most states.

Of the five most “friendly” states, only one, Idaho, outperforms the national average on numbers of small businesses. The other four lag behind, with Louisiana ranking 36th and Texas 47th in the nation.

The regional results also don’t line up. “The South was supposedly the most small business-friendly region of the country, while New England was rated the least small business-friendly,” the Thumbtack/Kauffman analysis finds. But, looking at the actual distribution of small businesses, one would conclude that the South is the least hospitable region for small businesses, while New England is one of the most favorable areas. Why? Because the South caters to BIG business with BIG money, while New England heavily regulates big business with environmental law, while in fact there is VERY LITTLE regulation of SMALL business!

But it’s also possible that some of the regulations small business owners find burdensome are ultimately beneficial. Strong environmental and labor policies can help to create the kinds of healthy, vibrant places that enable local businesses to thrive. It may also be that these rules have a more limiting effect on their big competitors. Vermont’s land use policies, for example, have done much to preserve the vitality of the state’s downtowns and protect its farmland from sprawl, which has been a boon to local businesses and food producers, while also inhibiting the spread of Walmart and other big-box retailers.

Another way one can evaluate the rankings is to look at which states had stronger small business growth (or slower decline) over the last decade. Here again the “unfriendly” states outperformed the “friendly” ones. Nationally, the number of small firms has fallen 6.5 percent since 1999 (relative to population). Rhode Island, Vermont, Hawaii, California, and New York all beat the national average. In fact, these five states together lost half as many small businesses per capita as the U.S. as a whole


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Excerpts from: http://www.ilsr.org/lightly-regulated-states-friendly-small-businesses/
Jackrabbit
Jackrabbit

Posts : 3
Join date : 2013-08-26
Location : Burlington, VT

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