Index score: 41.09
Mississippi has no capital gains, estate, or alternative minimum tax. Unemployment taxes, energy costs, living costs, and health-insurance regulations are fairly low. Unfortunately, while "the business climate is great, they've never been able to really capitalize on it," says Kerrigan. One long-term issue is the quality of the education system, which discourages workers from relocating there. A more recent concern is the aftermath of Hurricane Katrina. "How risk averse will [entrepreneurs] be in terms of relocating there, given that storm?" Kerrigan asks.
7. Mississippi
* SBE Council, a Washington, D.C.-based nonprofit which advocates for reduced government taxes and regulations on small business, tends to lobby for the Republican agenda when it comes to taxes and regulations.
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In exclusive rankings for FSB.com from the Small Business & Entrepreneurship Council*, we looked for places low on taxes and light on government regulations. These places aren't. (more)
Which places are low on taxes? Exclusive rankings for FSB.com from the Small Business & Entrepreneurship Council.* (more)
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