Ohio moved up 18 spots in an annual ranking of state friendliness towards entrepreneurs conducted by the University of Nebraska-Lincoln.
The State Entrepreneurship Index moved Ohio up to 22 from 40.
Raters examined five components:
- States’ percentage growth
- Per capita growth of business establishments
- Business formation rate
- Number of patents per thousand residents
- Income per non-farm proprietor
Massachusetts was the top state for entrepreneurship, followed by North Dakota, California, New York state and Minnesota. The bottom five were Kentucky, Mississippi, South Carolina, Michigan and Louisiana.
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