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The inaugural Doing Business North America report measures business regulations across 115 cities in Canada, the United States and Mexico.
The Center for the Study of Economic Liberty at Arizona State University has just released the Doing Business North America
report, a first-of-its kind report that provides objective measures of
business regulations across 115 cities in 92 states, provinces and
districts in the United States, Canada and Mexico.
The report uses these
measures to score and rank cities in regard to how easy or difficult it
is to set up, operate and shut down a business.
Modeled upon the World Bank’s Doing Business report, the Doing Business North America
report measures the regulations that apply to domestic small- and
medium-sized companies throughout their lifecycle.
The report complies
and analyses city-specific data, offering a comprehensive look at a
particular jurisdiction’s business environment, including regulations
having to do with starting a business, employing workers, acquiring
electricity, paying taxes, registering property and resolving
insolvency.
By comparing business environments across
North America, the report offers measurable benchmarks for reform that
encourage states and provinces to pursue regulatory frameworks that ease
the cost of doing business.
“The Doing Business North America
report offers local jurisdictions objective data on how policies,
regulations and licensing requirements affect businesses in their
community,” said Steve Slivinski, senior research fellow and project
director of the Doing Business North America report at the
Center for the Study of Economic Liberty.
“This is a powerful tool that
can be used by public officials to inform and guide policy,” said
Slivinski.
“We expect that many jurisdictions will be interested in how
they rank compared to their neighbors or peers.”
The Doing Business North America
research team was led by Slivinski, with support from undergraduate
students from the W. P. Carey School of Business, The College, School of
Sustainability, School of Historical, Philosophical and Religious
Studies, and School of Civic and Economic Thought and Leadership.
Additional support was provided by Caminos de la Libertad, an
educational foundation based in Mexico City.
“Doing Business North America
is predicated on the idea that a well-functioning economy requires good
rules,” said Ross Emmett, director, Center for the Study of Economic
Liberty.
“The ease of doing business in a location is higher when the
rules are clear and the steps involved are few. A study like this is
useful for policy research in both the academic and the policy-maker
communities.”
The report findings include:
- Oklahoma City accumulated the highest Ease of Doing Business Score.
- The Canadian cities of Winnipeg, Halifax, and Moncton lead the “Starting a Business” category, which measures the number of legal procedures required to start a business and the costs associated with those procedures.
- In the category of “Employing Workers,” which includes mandates like minimum wages and required paid leave, Arlington, VA takes the top spot.
“What
makes this project so exciting is that it clears the way for immediate
action and outcomes in our communities,” said Amy Hillman, dean, W. P.
Carey School of Business, Arizona State University.
“Small and
medium-sized firms account for the majority of businesses in the United
States; their success is critical to our economy.”
“This report equips
local governments with data that shows how they are either helping or
hindering those businesses, from a regulatory perspective.”
from BusinessFacilities.com