Many of us celebrate local businesses and the concept of entrepreneurship. We take great pride in the success stories of entrepreneurs who make a difference. Yet, Vermont is ranked No. 9 on “Top 10 Worst States for Starting an LLC” (based on tax rates, sales tax rates, average effective property tax rate and unemployment rate).
If Vermont wants to recruit talent to the Green Mountains, it might be time to become recognized as a place that embraces business start-ups, beginning with regulatory and taxation reform, start-up support, and training services. It’s all possible, simply requiring a change in attitude.