Hawaii was ranked sixth from the bottom for its small business climate in an index by the Small Business & Entrepreneurship Council this week. The index ranks states according to 46 different policy measures, including tax, regulatory and government spending measures.
On the plus side, Hawaii has low property taxes, low wireless taxes and a low number of health insurance mandates. But high personal, dividend and interest taxes, high capital gains taxes, high consumption-based taxes, and having the highest gas and electricity costs dinged the state.
South Dakota had the most entrepreneur-friendly business climate among the states, followed by Nevada,Texas,Wyoming, and Florida. California finished dead last, along with New Jersey,Vermont, New York, and Maine.