A report from the Small Business Administration on small business-owning households shows:

“households owning small businesses were more likely to be found in the top echelons of income and wealth than those that did not own a business in the 1990’s.”

Also:

“in 2001 small business-owning households were more than twice as likely as non-business owning households (57.1 percent to 25.5 percent) to be high income, and over eight times more likely (21.2 percent to 2.5 percent) to be high wealth households.”

Seems like a great reason to start a business today.

To obtain a full copy of the report, click here (PDF Format).

The Small Business and Entrepreneurship Council has ranked congressional delegations by State according to how they voted for small business issues like lowering taxes, reducing regulation, etc.

Here are the top 10 States:

1 Idaho 95.7
1 Oklahoma 95.7
3 Alaska 94.3
3 Wyoming 94.3
5 Utah 92.4
6 Kentucky 92.1
7 Alabama 91.0
8 Nebraska 90.6
9 Kansas 88.6
10 New Hampshire 87.0

Note that only one of these is in the Northeast (New Hampshire) and that the rest are either in the south or the West.

The Bottom 10 is made up of the usual suspects (with the exception of North Dakota):

41 New Jersey 41.6
42 Connecticut 41.2
43 New York 38.9
44 Maryland 35.2
45 North Dakota 33.8
46 Maine 30.9
47 Hawaii 24.1
48 Rhode Island 18.1
49 Vermont 15.7
50 Massachusetts 12.2
Every single one of these states is in the Northeast with the exception of Hawaii and North Dakota.

Read the whole report here.

(Via The Entrepreneurial Mind)

Delaware (the USA’s incorporation headquarters) experienced its highest one-year growth rate in numbers of companies incorporating in 2005, up 19%.

Also:

According to the National Venture Capital Association, seed-level VC funding nearly doubled in 2005. This year, based on current trends, it could double again.

Read the whole article here.

(via BizOpportunities)

Great post here about building a simplified marketing plan for your small business.

Great news here.  Dane from BizOpportunities says “the entrepreneurial lifestyle is the new hip hop”.