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:
- District of Columbia
The 10 states with the lowest entrepreneurial activity rates were:
- West Virginia
- Rhode Island
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.
Posted By: George Tallabas - Boise Idaho Real Estate Agent - Associate Broker
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