In a survey of more than 6,000 small business owners nationwide, Thumbtack.com and the Kauffman Foundation ranked Arkansas as the second easiest state in which to start a new business and has the sixth friendliest licensing regulations with which to do so.
According to a release from Thumbtack, overall the state received an A- in small business friendliness, including high marks in licensing, environmental and zoning requirements.
The state, however, fell behind in employment, labor and hiring, hiring costs and particularly in networking programs for which it received an F.
Overall, Arkansas ranked second in optimism for the future and growth from the previous year and third in current economic health, according to the survey.
Said Thumbtack co-founder Sander Daniels, “After a two-month survey of over 6,000 small business owners nationwide, Arkansas comes out on top as one of the nation’s best states to start a new business. Small businesses looking for a place to hang a shingle or to plant a flag cannot do much better than Arkansas.”