Ohio leaps up list of best places for entrepreneurs

Oct 11, 2012

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:

  1. States’ percentage growth
  2. Per capita growth of business establishments
  3. Business formation rate
  4. Number of patents per thousand residents 
  5. 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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