Metro area ranked for friendliness to small businesses
"It's easy to do business, but due to the regulation and tax/fee burden, it's expensive. The fees are paid to the city, county and state. The fees are just another way to collect a business tax, and they are unfair to the small businesses."
Thumbtack.com, in partnership with the Kauffman Foundation, has released new data showing that small businesses rank Georgia among the top ten friendliest states nationwide towards small business. Nationally, Atlanta ranked #5 for small business friendliness.
There are a lot of “business climate rankings”, but there aren’t any that draw upon considerable data from small business owners themselves. The Thumbtack.com Small Business Survey is the only survey to draw data from an extensive, nationwide universe of job creators and entrepreneurs themselves in order to investigate the best places in the country to do business.
“After a two-month survey of over 6,000 small business owners nationwide, Georgia comes out on top as one of the nation's friendliest states for small business,” said Sander Daniels, co-founder of Thumbtack.com. “That Atlanta also ranked among the friendliest locations for small business is all the more impressive.”
Some of the key findings for the region include:
- Southern Georgia is the state's stand-out region, receiving #1 rankings for 11 of the 17 categories rated by small businesses. In contrast, Northern Georgia fails along multiple dimensions, receiving the lowest ranking for a variety of categories - the region is the state's most costly for hiring a new employee and the region's businesses are the most pessimistic about their economic future. Small businesses rated Metro Atlanta as having the state's second-healthiest economy for small businesses, but the region also had the least-friendly health and safety and licensing regulations.
- Here's how Georgia's regions ranked, from friendliest to least friendly for small business: 1. Southern Georgia, 2. Central Georgia, 3. Metro Atlanta, and 4. Northern Georgia.
- Georgia achieved a top 10 ranking nationwide for its friendliness towards small business, earning an A grade and #6 ranking for overall friendliness towards small business. The state also achieved an A grade and #7 ranking nationwide for the ease of starting business. The state also had the nation's eighth-most optimistic businesses nationwide about their economic future. However, the state struggled in certain areas - including having the seventh-slowest growing small businesses nationwide.
- Surprisingly, women-owned small businesses in Georgia were significantly more optimistic about their financial future than their male counterparts. Female entrepreneurs were 16% more likely than male entrepreneurs to rate their companies' financial situation as likely to improve over the coming year.
- Although Georgia ranked well overall, there's little room for error. The state's small businesses were the least healthy in the entire South, ranking as the region's #1 slowest-growing and #2 unhealthiest.
The full survey results can be seen here and include full sets of rankings, dozens of easily searchable quotes from Georgia small businesses, regional comparisons within states, and Census data comparing Georgia's key demographics against those of other states.
“If a person has a vision and a defined goal, then it is very easy to do business in Georgia. I use the local SBA website for current and resourceful information to support my business. The first step to one having a successful business is knowing what paperwork is needed in order to run a professional and sustainable business. This is the blueprint to success.”
Thumbtack.com surveyed 6,022 small businesses across the United States. The survey asked questions about the friendliness of states towards small business and about small business finances, such as:
“In general, how would you rate your state's support of
small business owners?"
"Would you discourage or encourage someone from starting a new business in your state?" and
"How would you rate your company's financial situation
Thumbtack.com and Kauffman ranked states and cities against one another along 15 metrics. The full methodology paper can be found here.
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