The best in the U.S. for entrepreneurship: Where does your state rank?

Economists at UNL’s Bureau of Business Research and Department of Economics developed the annual State Entrepreneurship Index by combining five key components – a state’s percentage growth and per capita growth of business establishments, its business formation rate, the number of patents per thousand residents and income per non-farm proprietor in each state.

The result is a comprehensive look at the levels of entrepreneurship in each state over the past year, said Eric Thompson, UNL associate professor of economics and director of the Bureau.

"To reach the top of the rankings, a state had to do very well in at least four of the five categories that made up the Index," Thompson said. "This year, those states tend to be clustered in the Northeast and the upper Midwest. That’s not to say there is not significant action in other regions of the country, of course, but our data shows this year’s entrepreneurial activity has a definite northern flavor."

Full Report: http://newsroom.unl.edu/blog/?p=1354