In a time of economic uncertainty, many aspiring professionals are no longer looking for a company to belong to, but rather searching for a place to create one.
According to a recent study by economists at the University of Nebraska-Lincoln’s Bureau of Business Research and Department of Economics, Washington state ranks second for entrepreneurial activity.
The State Entrepreneurship Index, a compilation and analysis of each state’s entrepreneurial activity, took into consideration a number of vital components when pinpointing performance, including “a state’s percentage growth and per capita growth in business establishments, its business formation rate, the number of patents per thousand residents, and gross receipts of sole proprietorships and partnerships per capita,” according to an Albany Business Journal story.
Washington fell directly behind New York, and led Massachusetts, New Jersey and Oregon. According to the survey, South Carolina fell in last place.
The rankings were based on “states performance compared to the nationwide average,” the Albany Business Journal wrote.
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