Calling all Entrepreneurs! Looking for somewhere to relocate? A new study confirms that wherever your business could is located it may affect your success — even your survival. According to the latest State Entrepreneurship Index published by the University of Nebraska-Lincoln, states in the Northeast and Northwest are the most favorable for entrepreneurship, while the Southern States are not so fortunate.
Rankings were bases upon five components: percentage growth in business establishments, per capita growth in business establishments, business formation rate, number of patents per thousand residents and gross receipts of sole proprietors and partnerships per capita.
Here are the five best and five worst states for entrepreneurship:
Best States for Entrepreneurs:
The Best City for Entrepreneurship goes to the “Big Apple” – New York, guess that making it in the concrete jungle is more beneficial than I thought. Go hard or go home is the mentality that every New Yorker has! Definitely a city of go-getters, so if you want to start your own business, you know where to go!
Let’s see who else is on the list:
#4- New Jersey
Yikes! My family’s hometown of South Carolina is #1 for the worst state to start a business. Wouldn’t have guess that at all, let’s see where else is not a successful area for new business.
Read more about this study here