X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – Entrepreneurs make decisions about starting and closing businesses based not only on conditions in their current location, but on conditions in neighboring states. Those conditions can include bankruptcy exemptions, access to health insurance and unemployment programs, according to a new study for the SBA’s Office of Advocacy. Some of the findings include that higher bankruptcy exemptions in neighboring states lower the probability of starting a business in the state of residence. Lower taxes in neighboring states increase the probability of business closures in adjoining higher tax states, the study found. Businesses in states with self-employment assistance programs, which encourage transition to entrepreneurship for the unemployed, are less likely to shut down. The study also revealed that individuals with access to employer provided health insurance are less likely to leave their jobs to start a business. The study, A Spatial Model of the Impact of State Bankruptcy Exemptions on Entrepreneurship, can be found on the SBA’s Web site at http://www.sba.gov/advo/press/05-36.html.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.