- Feb 12, 2000
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http://forum.belmont.edu/cornwall/archives/009530.html
I am in Cleveland at John Carroll University this week conducting a workshop on taking entrepreneurship across the campus.
Last night over dinner, one of my hosts told a story about a recent business event. A local business leader said that one of the problems with economy in Northeastern Ohio is that they don't have enough entrepreneurs.
Trust me. I am sure that there are plenty of aspiring entrepreneurs. Every survey shows how prevalent entrepreneurial aspirations are in America today. No, the problem is not with a shortage of entrepreneurs. The problem is that this area does not have public policy that supports entrepreneurial economic activity.
For example, one of the most important predictor of entrepreneurial activity is taxes -- Ohio ranks 46th in overall tax rank in a recent report by the Tax Foundation. Even worse, Ohio ranks 48th in individual taxes. Since most entrepreneurial ventures are pass-through entities (LLCs, S-corp, partnership or sole proprietorship), the individual tax ranking is the most important tax predictor of entrepreneurial activity.

