There are a lot of reasons to be disappointed with the Super Committee’s lack of common sense. But small businesses should be especially angry, says small business advocate Lloyd Chapman.
Fall out from the Super Committee’s lack of political courage “means that competition for federal contracts will heat up. And with less federal money to be had, Fortune 500 corporations are going to stake claim over all federal contracts, which represent hundreds of billions in purchases a year. This is a disaster for America’s 28 million small businesses, which employ more than half the private sector workforce,” Chapman wrote in a piece for the Huffington Post.
Tennessee is the 18th best state for business in 2011, according to CNBC’s annual rankings. That’s down two spots from the 2010 list.
Virginia captured the top spot for the second straight year.
CNBC’s study considers 10 categories: Cost of Doing Business, Workforce, Quality of Life, Economy, Transportation & Infrastructure, Technology & Innovation, Education, Business Friendliness, Access to Capital and Cost of Living.