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slides: NEW: RI Earns F Grade for Small Business Friendliness

Friday, July 25, 2014

 

Rhode Island has been given a big fat "F" for small business friendliness, courtesy of new state-by-state rankings from The Economist.

See Slides Below for More RI Business Rankings from Top Business Sources

The Economist grades states on an A+ to F grading scale for its small business climate.  Rhode Island is one of just 6 states to earn an "F" grade.

See Map of the States and Their Grades at the Bottom of this Article

"Overbearing bureaucracy and excessive licensing is stifling small business in America," the article states.  The Economist found in their study that governmental interference in small business was far more detrimental than a high tax rate.

To read the entire article from The Economist, click here.

MAP: States and Grades

Graphic created by The Economist

 

Related Slideshow: RI Business Rankings in US

See how Rhode Island stacked up.

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The Economist

Small Business Friendliness Grade: F

The Economist grades states on an A+ to F grading scale for its small business climate.  Rhode Island is one of just 6 states to earn an "F" grade.

Overbearing bureaucracy and excessive licensing is stifling small business in America. 

Read More About The Economist Grade Here

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CNBC

#50 CNBC

CNBC ranks each state in cost of doing business, economy, technology and innovation.

Rhode Island's unemployment rate as of May 2014 was 8.2 percent. This is RI's lowest unemployment rate since August 2008.

Read More About CNBC Ranking Here

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Forbes

#48 Forbes

Forbes ranks each state in business costs, economic climate, and growth prospects.

The most damning in the commentary:

After Michigan, Rhode Island has experienced the second worst net migration in the country over the past five years.

Read More About Forbes Ranking Here

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ChiefExecutive.net

#39 ChiefExecutive.net

ChiefExecutive.net ranks each state in taxations and regulations, workforce quality, and living environment.

The most damning in the commentary:

Sky-high unemployment rate bespeaks continuing terrible business climate.

Read More About ChiefExecutive.net Ranking Here

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Tax Foundation

#46 Tax Foundation

Tax Foundation ranks each state in corporate tax rank, sales tax rank, and unemployment insurance tax rank.

Rhode Island and the other states in the bottom ten suffer from the same afflictions: complex, non-neutral taxes with comparatively high rates.

Read More About Tax Foundation Ranking Here

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Wallet Hub

#24 Wallet Hub

Wallet Hub ranks each state in ROI rank, state tax rank, and overall government services.

Rhode Island ranked #50 for worst roads and bridges, but ranked #4 in safety.

Read More About Wallet Hub Ranking Here

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ALEC

#47 ALEC

ALEC ranks each state in economic performance and outlook.

Although Rhode Island ranked low in economic performance, a forward-looking forecast is based on the state’s standing in 15 important state policy variables. Some of these variables include top marginal personal income tax rate and sales tax burden.

Read More About ALEC Ranking Here

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Kauffman Foundation

#50 Kauffman Foundation

Kauffman Foundation ranks each state in entrepreneurship.

Entrepreneurial activity generally is highest in Western and Southern states
and lowest in Midwestern and Northeastern states.

Read More About Kauffman Ranking Here

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Free Enterprise

#47 Free Enterprise

Free Enterprise ranks each state in performance, exports, innovation + entrepreneurship, business climate, talent pipeline, infrastructure.

Rhode Island has continued to feel the direct impact and ripples from the recent recession—it ranks 47th overall in economic performance. However, positive rankings of 15th in talent pipeline and 16th in innovation and entrepreneurship suggest the existence of a foundation on which to build the future.

Read More About Free Enterprise Ranking Here

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The Pew Charitable Trusts

#40 The Pew Charitable Trusts

The Pew Charitable Trusts ranks each state in job growth and job creation.

Rhode Island added 6,223 jobs in 2014.

Read More About The Pew Charitable Trusts Ranking Here

 
 

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Comments:

as long as democrats are in control, RI will always suck.

Comment #1 by LENNY BRUCE on 2014 07 26




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