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Iowa is dead last on Entrepreneur Magazine's list of "Hot" states for entrepreneurs in 2005.
From the Des Moines Business Record daily e-mail news briefing:
Iowa is ranked as the worst state in the country for small business, according to a recent study, with Des Moines ranked 36th out of 55 mid-size cities and several other Iowa communities listed near the bottom in the small-cities rankings...
Iowa was ranked 50th in the two categories that determine overall rank: young company rank, the number of companies within an area that started four to 14 years ago and have at least five employees; and rapid growth rank, the measurement of a company's job growth that accounts for both absolute and percentage change in employment.
Cedar Rapids ranked 41st out of 171 communities in the small city category. Iowa City, the Quad Cities, Waterloo-Cedar Falls and Sioux City were ranked 120th, 126th, 147th and 157th, respectively.
Ugh. I want a drink. And maybe a state tax system that isn't a pinata for the well-connected. Oh, and I want spinner hubcaps, too.
LINK: Iowa's Soylent Green Tax Proposal
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
Comments
"Is this heaven?"
"No, it's Iowa."
Soon, everyone on the coasts will realize the quality of life that is available in Iowa and Kansas and Nebraska and they will come flooding back to the Midwest. The lawmakers in the midwestern states will realize the error of their ways and make their states friendly to small business. Tax revenues will explode and small towns will become centers of commerce. Roth and Company will become the biggest accounting firm in a six-state area...
Posted by: thc | September 24, 2005 12:09 AM
Is it any coincidence that the above commentor's handle is the abreviation for the psychoactive ingredient in cannabis? I wish he'd distribute a little of that to our legislators.
Posted by: Chad | September 25, 2005 9:21 PM
That would explain why he's The Happy Capitalist...
Posted by: Joe Kristan | September 26, 2005 6:38 AM
.
You're taking this all wrong, Joe!
Think of it this way: y'all have nowhere to go but UP.
:-)
Posted by: speedster1 | September 26, 2005 8:02 AM