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WV small-business owners rate state below average in business-friendliness

August 15, 2018 GMT

Small-business owners gave West Virginia a C-minus this year, ranking the state 41st in Thumbtack’s annual survey of business-friendliness in the U.S.

Thumbtack, the website and app that users can use to find local professionals, announced the results from its 2018 Small Business Friendliness Survey on Tuesday, ranking 57 cities and all 50 states based on factors including licensing requirements, tax regulations and labor and hiring regulations.

West Virginia’s ranking in the survey was six spots better than last year, when it ranked 47th and received a D grade. As a comparison, West Virginia scored lower than Virginia and Ohio, both of which received B grades, but scored higher than Kentucky, which received a D.

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Thumbtack said it assigned eight policy-specific grades to evaluate how easy local governments make it to start, operate, and grow a small business.

“Small-business entrepreneurs are creating sustainable jobs, and policymakers must continue to empower this segment of the workforce,” Lucas Puente, lead economist at Thumbtack, said in a news release about the survey. “It is critical for local, state and federal governments to support small-business owners as they adapt to rapid change and innovation in today’s economy.”

With more than 7,500 small business owners surveyed, it’s the largest continuous study of small-business perceptions of local policy in the country, according to Thumbtack.

For more details about the report and the full set of results for West Virginia, visit Thumbtack.com/WV.

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