WASHINGTON (Gray DC) - What makes a state great for small businesses to set up shop? In a recent “Small Business Friendliness” survey sponsored by thumbtack.com, Idaho was given an A-plus rating and named the third best state in the country for small businesses.
Allen Gutierrez says innovation and access to capital have Idaho ahead of the curve when it comes to attracting small businesses.
“The state of Idaho has been doing great,” said Allen Gutierrez, associate administrator for the Small Business Administration’s Office of Entrepreneurial Development.
Gutierrez says Idaho’s innovation has the state ahead of the curve. He says the recognition should come as no surprise.
“Through the last recession, went through a process of looking at and really analyzing and thinking outside the box of, ‘How do we become a better state in terms of business friendly?’” said Gutierrez.
He says access to capital, a culture of innovation and commitment from the state are three reasons why new businesses flock to Idaho. The survey shows Idaho with an overall A+ in friendliness to small business, and Gutierrez says a lack of red tape plays a big role.
“They’re able to spend more time focusing on their true business model and business approach and penetrating that market,” said Gutierrez.
He says Idaho sets a great example and it is time for all 50 states to get up to par. Gutierrez says when states see Idaho and other states excelling, it will bring out a drive to do better.
“I think that’s going to create an environment for other states to look at why are they looking jobs? Why are they losing businesses going to different states?” said Gutierrez.
Everyone knows about “Black Friday,” the shopping extravaganza the day after Thanksgiving, but the SBA wants folks across the country to join in on “Small Business Saturday” this coming weekend. Small businesses made $15.4 billion during the event last year. The SBA hopes that number improves in a couple of days.