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ABQ gets multiple grades on small biz friendliness

gradedALBUQUERQUE, N.M. — Small-business owners give Albuquerque an average grade and New Mexico a below-average grade as places to do business, according to a survey released Tuesday by consumer-service website operator Thumbtack.com and the Ewing Marion Kauffman Foundation.

“After a two-month survey of thousands of small-business owners nationwide, the data show that Albuquerque rates right in the middle of the 82 cities we looked at for its friendliness to small business,” said Jon Lieber, chief economist of Thumbtack.com.

Albuquerque small-business owners gave the city the nation’s fourth-highest ranking for ease of compliance with tax laws and were the happiest in the nation with their tax burden.

But businesses were among the most pessimistic in the nation, at 80th out of 82 cities surveyed, when it comes to local economic prospects.

They gave the city a C grade for its overall business friendliness and for the help it provides small businesses to obtain training and networking opportunities.

Statewide, small businesses gave New Mexico a B grade for regulatory friendliness and an A grade for the friendliness of its licensing. They ranked the state third best in the nation for the ease of tax compliance.

But when asked how supportive of small business New Mexico is, survey respondents gave the state a D-plus grade.

The top-rated cities surveyed were Colorado Springs, Colo.; Boise, Idaho; Houston; Austin, Texas; and Louisville, Ky. The lowest rated were Sacramento, Calif.; Providence, R.I.; Buffalo, N.Y.; Bridgeport, Conn.; and San Diego.

The top-rated states were Utah, Idaho, Texas, Virginia and Louisiana. The lowest rated were Rhode Island, Illinois, California, Connecticut and New Jersey.

More than 12,000 small businesses participated in the nationwide survey.

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