Each year the Kauffman Foundation ranks states on their entrepreneurial activity. This past year MT was ranked as the most entrepreneurial with 600 entrepreneurs for every 100,000 residents (0.60 percent). The others in the top five were MS (0.52%), GA (0.44%), OK (0.43%) and ME (0.42%). The lowest levels of entrepreneurism were in MI (0.16%), PA (0.17%), SC (0.18%), IL (0.18%) and DE (0.19%).
The states that have experienced the largest percentage increase in entrepreneurism over the past decade we MS, HI, RI and AR. Those with the largest decrease were AK, ND, NM, TN and KS.
Entrepreneurism is the key driver of future economic development in rural America. Those communities, regions and states that have it is a priority are the ones that will thrive.