"The state doesn't hinder small businesses with too many rules or regulations, but it doesn't do very much to make life easy if you are already established. If you want to bring your company to Rhode Island, they will bend over backwards to tempt you with tax credits and loan guarantees. There's not so much if you are already here." - Designer, Warren
Thumbtack.com, in partnership with the Ewing Marion Kauffman Foundation, today released new data showing that small businesses in Providence rate the city low overall and think it is too difficult to start a new business and hire new workers.
More than 12,000 entrepreneurs nationwide participated in this year’s survey. The Thumbtack.com Small Business Friendliness Survey is the largest survey of its kind and is the only survey to obtain data from an extensive, nationwide sample of small business owners themselves to determine the most business-friendly locations.
While there are various "business climate rankings" that rate locations as good or bad for business, there are no others that draw upon considerable data from small business owners themselves. This year our team was able to rate 82 cities and most states across multiple metrics that business owners say are critical to a friendly business environment.
“After a two-month survey of thousands of small business owners nationwide, the data show that Providence's small businesses see a lot of room for improvement,” said Jon Lieber, Chief Economist of Thumbtack.com. “Creating a business climate that is welcoming to small, dynamic businesses is more important than ever, and Providence still has a ways to go towards this goal.”
Some of the key findings for Providence - and Rhode Island generally - include:
The full survey results can be seen here and include full sets of rankings for cities and states going back three years, along with dozens of easily searchable quotes from Providence small businesses.
"I think the free seminars are great and can be very helpful if utilized properly. Government should give out more assistance than they do." - Personal trainer, Providence
Thumbtack.com surveyed 12,632 small businesses across the United States. The survey asked questions about the friendliness of states towards small business and about small business finances, such as: