In spite of a sputtering economy nationwide, Entrepreneurial business is growing in many parts of the country with 495,000 new businesses per month started in 2007, according to the Kauffman Index of Entrepreneurial Activity which monitors entrepreneurial activity across the country and state by state.
The Kauffman study, which is sponsored by the Ewing Marion Kauffman Foundation, found that some areas encouraged far more entrepreneurial activity than others. Entrepreneurial growth is vital for economies and says a lot about states which encourage entrepreneurial activity.
The 10 states with the highest entrepreneurial activity rates were:
- Idaho
- District of Columbia
- Arizona
- Tennessee
- Louisiana
- Wyoming
- Vermont
- Montana
- Georgia
- California
The 10 states with the lowest entrepreneurial activity rates were:
- West Virginia
- Alabama
- Delaware
- Pennsylvania
- Ohio
- Connecticut
- Rhode Island
- Hawaii
- Washington
- Virginia
Among the 15 largest metropolitan areas in the United States, the highest entrepreneurial activity rates were in Phoenix, Riverside-San Bernardino, Atlanta, Los Angeles, and Miami. Philadelphia posted the lowest rate of entrepreneurial activity.
In September of 2007 USA Today published No End In Sight For Idaho's Growth where it cited Idaho's growth due to computer chips, potatoe chips, and amenities which includes hiking, hunting, fishing, skiing, and whitewater rafting - that attracts tourists and new residents, from billionaires to young outdoor enthusiasts.
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Posted By: George Tallabas - Boise Idaho Real Estate Agent - Associate Broker
with RE/MAX Advantage, Canyon Counties #1 Brokerage in sales and listings
specializing in Boise Idaho Real Estate and Southwest Idaho Real Estate.
Hey George,
I'm kinda suprised not to see Texas and NY on the top 10. Hope your doing well, thanks for all the info!
Ah, bummer George! Florida is not on the list! This is one of the things I love most about America. We have the freedom to choose our own paths in life and can become entrepreneurs without college or even high school.
A sharp contrast is the facade of 'entrepreneurship' that Castro allowed in Cuba. You get to open up a little restaurant so you can run your own business. They tell you what hours you can work, how much you can charge and how much you have to give to the communist cause, and then they throw you a few pennies! What does amaze me though, is how much humans want to own their lives because they will do this there because it is a touch of freedom.
The same thing in China. The entrepreneur spirit thrives in spite of communism. The free souls still gravitate toward whatever piece of freedom they can attach themselves to. Amazing stuff going on there. I was just watching a documentary about the Chinese for the first time in Beijing being able to own their own businesses. OF course, the rents are HIGH, the taxes OUT OF THIS WORLD, but that little piece they get is treasured more than we can ever know.
America is a great example. Thanks for sharing. It stirs in me what I hold dear and what I will fight to keep.
Hi George - well the great news for Idaho just keeps coming! Computer chips, potato chips..... hmm, wonder which one is the tastiest??? ;-)
Ann
Must be something good in the dirt there! Interesting post George.
George - WHat is the state doing to generate such a good business environment. i know that in middle Tennessee, the loca Governments have done a lot to encourage large companies to move here in the form of tax encentives. An article about Volkswagen building a plant in the U.S. surfaced last week, and Tennessee was the most likely destination because of the infrastructure of good highways, a good educated work force, low cost of living (no state income tax), and no unions. The lack of a union presence has enabled a lot of southern states to entice auto manufacting plants from Toyota, Nissan, BMW, and Mercedes.
By the way, middle and east Tennessee is where most of the businesses are moving, west Tennessee not so much.
Cindy - That's where the chips fall...LOL! I am doing great and I hope you are as well.
Katerina - As always, well said my friend. Have a great weekend.
Sarah - LOL!
Susie - A lot of things are going on here with great optimism!
Missy - Thank you so much my friend. I hope all is well for you.
Larry - All the outdoor activities attract a lot of the younger generation that have a lot of energy and ambition. Also, Micron Technologies started and is headquartered here as is the printing division of Hewlett-Packard. Again, these companies attract a lot of the younger and ambitious people. A national publication also ranked Boise as the best place to retire 3 years ago. This state just has it all.
No surprise here, George. Even Garden Valley (population around 3300) has numerous new businesses. Some up and running; some breaking ground. Activity is buzzing. Opportunities are unlimited. In fact, if you know anyone who might be interested in employment at our new day spa, it opens May 15th.
There is no stopping us. This year we will build a new school, library, grocery store, pharmacy, and add a title company, fitness center, book store, day spa, farmer's market, family medical practice.
"Esto Perpetua"
George, I"m SHOCKED to see my the southern states of West Virginia and Alabama on that "lowest" ranking, lol...really though, I am shocked about Virginia and Washington be ranked so low. go figure!
Elizabeth - Don't shoot the messenger! LOL!
Idaho produces Entrepreneurs as well as potaotes is a good combination.Thanks for it.
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peter
<a href="http://www.addictionrecovery.net/idaho">Addiction Recovery Idaho</a>
Its a good sign of the future development of the city. I hope the people living there will make use of these employment oppurtunities.
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jackspar.
Idaho Treatment Centers
George Very interesting list- I agree with Nestor and Katrina a little disappointing Florida did not make this list. This can be very helpful for peple interested in relocating- love your banner by the way!
Jack - Thank and I know they will.
Allison - Thank you my friend. We are truly blessed here in Idaho and I hope and pray you will be blessed in many other ways.
Interesting stat. I know entrepreneuralism is big in Idaho - it has to be. It's tough to make a living here unless you bring your income. Keep the info coming.
Kent - Thanks and have a great weekend!