Business owners give Boise A+ grade for small business friendliness
Nationwide survey ranks Boise #2 for small business out of 82 cities
"It's great to work with the people in Boise; it is a very good place to own and operate a company."
- Cleaning service owner, Boise
San Francisco, CA, 6/17/2014: Thumbtack.com, in partnership with the Ewing Marion Kauffman Foundation, today released new data showing that Boise earned an A+ for its friendliness towards small businesses: www.thumbtack.com/id/boise
More than 12,000 entrepreneurs nationwide participated in this year’s survey. The Thumbtack.com Small Business Friendliness Survey is the largest survey of its kind and is the only survey to obtain data from an extensive, nationwide sample of small business owners themselves to determine the most business-friendly locations.
While there are various "business climate rankings" that rate locations as good or bad for business, there are no others that draw upon considerable data from small business owners themselves. This year our team was able to rate 82 cities and most states across multiple metrics that business owners say are critical to a friendly business environment.
“After a two-month survey of thousands of small business owners nationwide, Boise has emerged as the second best city in the country to run a small business,” said Jon Lieber, Chief Economist of Thumbtack.com. “Creating a business climate that is welcoming to small, dynamic businesses is more important than ever, and whether it is the friendliness of the regulatory environment or the easy availability of training programs, small businesses find that Boise is one of the best places in the country to set up shop.”
Some of the key findings for Boise - and Idaho generally - include:
· Boise is the #1 easiest place in the country to start a business.
· Boise did well across the board but earned only a C for the ease of hiring.
· Boise's licensing rules were second friendliest in the country.
· Boise had an unusually high concentration of sole proprietorships with 61 percent of Boise-based businesses reporting they had zero employees.
· Start-ups were twice as common in Boise as they were nationwide - 23 percent of businesses reported that they had been operating for less than one year.
· The top rated cities overall were Colorado Springs, Boise, Houston, Austin, and Louisville. The lowest rated were Sacramento, Providence, Buffalo, Bridgeport, and San Diego.
“It is critical to the economic health of every city and state to create an entrepreneur-friendly environment,” said Dane Stangler, vice president of Research and Policy at the Kauffman Foundation. “Policymakers put themselves in the best position to encourage sustainable growth and long-term prosperity by listening to the voices of small business owners themselves.”
The full survey results can be seen here and include full sets of rankings for cities and states going back three years, along with dozens of easily searchable quotes from Boise small businesses.
"My biggest concern right now is the Affordable Healthcare Act and its one-size-fits-all approach to solving the problem of providing affordable health care to Americans. More power needs to be given to the states to come up with their own plans."
- Technical consultant, Boise
Thumbtack.com surveyed 12,632 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
· "Do you think you pay your fair share of taxes?"
Thumbtack.com and the Kauffman Foundation evaluated states and cities against one another along more than a dozen metrics. The full methodology paper can be found here.
Headquartered in San Francisco, Thumbtack is a consumer service that helps millions of people accomplish the personal projects that are central to their lives. Thumbtack introduces customers to experienced professionals who are available, interested and qualified to meet their specific needs. Whether looking for a painter for their home, a math tutor for their child, or a DJ for their wedding, Thumbtack provides anyone in the U.S. with an easy and dependable way to get started, compare options, and hire with confidence. The company has raised a total of $49 million from Sequoia Capital, Tiger Global Management, Javelin Venture Partners, and other prominent investors.