Media Releases - 2006 - SurePayroll Announces Top Ten States

SurePayroll Announces Top Ten States for Small Businesses in 2006

SurePayroll Small Business Scorecard provides insights into best states for small businesses.

CHICAGO — February 6, 2006 — Today SurePayroll released its annual "SurePayroll Top Ten States for Small Businesses" list, identifying the states in which small businesses have the best potential to do well.

Florida, New York, and Maryland took top honors in the SurePayroll Top Ten study, which is based on SurePayroll's monthly Small Business Scorecard.

"The states we ranked as the top 10 all did exceptionally well in terms of small business jobs growth in the trailing twelve months," said SurePayroll President Michael Alter. "Based on that performance, we believe they will continue to be strong states for small businesses throughout the rest of 2006."

The SurePayroll Top Ten
According to SurePayroll, the 10 states that will be best for small businesses in 2006, ranked by likely performance, are:

  1. Florida
  2. New York
  3. Maryland
  4. Michigan
  5. Ohio
  6. New Jersey
  7. North Carolina
  8. Indiana
  9. Arizona
  10. Illinois

SurePayroll awarded these states its SurePayroll Top Ten designation because they have had strong growth in the past. For example, in the last twelve months small businesses in Florida, New York and Maryland led the nation by growing 15.8%, 11.3%, and 9.2% respectively.

The Small Business Employee's Perspective
Growth in employees is the basis for defining the SurePayroll Top Ten. The underlying presumption is that growth in size suggests that a small business in doing well.

However, six of the states in which small businesses grew the most (Arizona, Florida, Illinois, Indiana, Michigan, Ohio) also had the dubious honor of making SurePayroll's list of top ten states in which small business salaries grew the least. That's good news for those small business owners who prefer to pay employees less but it's bad news for small business workers.

Of the SurePayroll Top Ten — those states SurePayroll identifies as fast-growth states for small businesses in 2006 — eight states (Arizona, Indiana, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio) had both growth in headcount and growth in average salaries over the past twelve months. Florida and Illinois, in contrast, witnessed declines in average small business payrolls.

About the SurePayroll Small Business Scorecard
SurePayroll, the nation's fifth largest payroll provider and largest online payroll provider, aggregates data for more than 15,000 customers on a monthly basis and provides detailed information on small business employment, earnings, and subcontractor trends.

This week, SurePayroll released the August 2006 data for its Small Business Scorecard.

About SurePayroll:
Privately held SurePayroll is America's fifth largest payroll provider and the nation's largest online payroll provider. Catering exclusively to the needs of small businesses, SurePayroll provides a simple, reliable and economical way to process payroll in minutes via the Internet. In addition to providing payroll services directly to small business, SurePayroll also provides a private-label payroll service that allows SurePayroll's numerous partners to offer payroll processing to their small business clients. Business partners include ABN AMRO, Pitney Bowes, and MasterCard.

SurePayroll will process nearly $3 billion in employee and contractor payroll payments in 2006.

For Media Inquiries Contact:
Ken Gaebler
Walker Sands Communications
www.walkersands.com
Phone: (312) 543-0654
Email: surepayroll-inquiries@walkersands.com

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