The State Entrepreneurship Index has named New York the top state for entrepreneurial activity in 2010. The index evaluated each state’s: percentage growth and per capita growth in business establishments, business formation rate, number of patents per thousand residents, and gross receipts of sole proprietorships and partnerships per capita. New York’s strong ranking is credited to its strong performance in gross receipts per capita and substantial improvement in both growth-in-establishments and establishments per capita. New York has been consistent in entrepreneurialism, ranking number one in each of the past three years.
The State Entrepreneurship Index was founded by economists at the University of Nebraska-Lincoln’s Bureau of Business Research and Department of Economics, and determined the ranking by collecting information from the U.S. Bureau of Labor Statistics, the IRS Statistics of Income Bulletin, the U.S. Census Bureau and the U.S. Statistical Abstract.
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