Saturday, June 9, 2012

Las Vegas Small Business Climate Rates High - 8 News NOW

LAS VEGAS -- A new survey ranked Las Vegas as the nation's top city for small businesses in terms of taxation and networking programs and among the top 10 in other categories.

The survey was released Monday by Thumbtack.com, a San Francisco-based website that matches consumers seeking goods and services with the small businesses and freelancers that can provide them, and the Kauffman Foundation of Kansas City, Mo., which promotes entrepreneurship.

"After a two-month survey of over 6,000 small business owners nationwide, Las Vegas comes out on top as one of the nation's friendliest cities for small business," Thumbtack co-founder Sander Daniels said. "Despite its challenges during the recession, small businesses seem confident that Las Vegas is a place (where) they can succeed."

In addition to the A+ grades Las Vegas received for its tax codes and networking programs, the city also earned an A for friendliness of regulations, zoning and environmental codes, and employment, labor and hiring regulations. The city also received an A- for overall friendliness of its busienss climate, and B+ grades for the ease of starting a business, health and safety regulations, and licensing requirements and fees.

Its only poor grades were a D+ for training programs for small business owners and a D for hiring costs.

Among other key findings:

* While Las Vegas businesses are among the nation's most troubled financially, they are also among the most optimistic about their prospects during the coming year.

* Male entrepreneurs were 13 percent more likely than female entrepreneurs to rate Nevada as "supportive" or "very supportive" of small business.

* Among western states, Nevada's small businesses are the least healthy and have the second slowest growth rate.

* Entrepreneurs who consider themselves politically conservative were 71 percent more likely than liberal small business owners to rate Nevada as "supportive" or "very supportive" of small business.

* Conversely, liberal entrepreneurs were 75 percent more likely than their conservative counterparts to rate the financial situation of their businesses as "good" or "very good."

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