But the commonwealth gets A- for ease of starting a small business, says online marketplace Thumbtack
San Francisco – Small business owners find it easy to start a business and hire employees in Kentucky, but approve less of the state’s licensing regulations, according to Thumbtack’s annual Small Business Friendliness Survey.
See the complete results for Kentucky at: https://www.thumbtack.com/ky/.
Nearly 18,000 U.S. small business owners responded to the survey, including 116 in Kentucky. The study asked respondents to rate their state and city governments across a broad range of policy factors. Thumbtack.com then evaluated states and cities against one another along more than a dozen metrics.
“Small business owners on Thumbtack have consistently told us that they welcome support from their governments but are frequently frustrated by unnecessary bureaucratic obstacles,” said Jon Lieber, Chief Economist of Thumbtack. “Kentucky slipped a few spots in our ranking this year, as small businesses told us that the business environment has gotten a little tougher in the last year.”
Key Findings for Kentucky:
- Kentucky performed worse in 2015 than it did in 2014, when it ranked No. 9 and earned a A- overall.
- Kentucky best scores included A- grades for ease of hiring and ease of starting a business.
- Louisville, KY earned a B grade for overall business friendliness.
- Kentucky’s worst score was a C- as a recommended location to start a small business.
- Neighboring Tennessee earned an overall friendliness score of an A and ranked No. 7 nationally.