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| Home > News > Financial and Economic News > Despite economy, entrepreneurial spirit strong in New York, Washington |
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| Despite economy, entrepreneurial spirit strong in New York, Washington |
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| 8/5/2011
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According to a report published by the University of Nebraska-Lincoln (UNL), New York has emerged as the most entrepreneurial state in the U.S.
The annual survey, entitled the State Entrepreneurship Index, was developed by economists at the university's Bureau of Business Research and Department of Economics. States were evaluated on factors such as business formation rates, the ratio of patents to resident population and the gross receipts of sole proprietor and limited liability partnership businesses. Other states that ranked highly in the study included Washington, Massachusetts, New Jersey and Oregon.
Eric Thompson, an associate professor of economics at UNL, told New York Ag Connection that "the SEI uses a broad group of indicators rather than just raw counts of business starts. This ensures that the index reflects sales and innovation among a state's businesses as well as the business formation rate."
The Massachusetts Institute of Technology and Harvard School of Business were ranked as the third- and fourth-best business schools in the U.S. respectively for MBA programs specializing in entrepreneurship, according to U.S. News and World Report. |
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