10 Worst states for starting a business

Attention libertarians! Find out where the cold, dead hand of the state weighs heaviest. Rankings provided by the Small Business & Entrepreneurship Council.

By Mina Kimes
Taxes
Top personal income tax rate: 8.5%
Top corporate income tax rate: 9.975%
Property tax: 3.69%
Energy
Electric Utilities Costs †: 1.29
Labor
Minimum wage: $7.00
† Index of state's average revenue/kilowatt hour.
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51. Washington D.C.
The nation's capital bottoms the Small Business & Entrepreneurship Council's list again, largely because of its steep corporate and personal income taxes, which are second and sixth in the country, respectively. Plus, the D.C. crime rate is the highest in the country, though that is generally restricted to the Southeast quadrant. "D.C. is all about location, location, location, but Virginia, which moved up the list, is just around the corner," says Karen Kerrigan, CEO of the SBE Council. "Businesses would rather move outside the city than pay high taxes."
Washington DC New Jersey California Rhode Island Maine New York Minnesota Massachusetts Vermont Hawaii
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.
© 2013 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .