Data has revealed that Florida is the most Entrepreneurial state in America.
Research by project management experts at The Digital Project Manager analysed 8 indicators for how entrepreneurial a state is, these included percentage of the population that start a new business, percentage of start-ups still active after 1 year, number of small businesses per 100,000 of the population, growth rate of business applications as well as others.
1 – Florida: Entreprenurial index score: 65.12
Florida has the highest percentage of the population who have started a business (0.61%), with 86% of those starting one out of choice rather than necessity could mean being unemployed or requiring another stream of income to support oneself. These start-ups have the highest number of jobs created in the first year with 6.53. With 13,238 small businesses per 100,000 of the population, this is the most in any state. Floridians clearly have an entrepreneurial mindset that doesn’t only benefit themselves but their communities with the jobs that they create.
2 – Georgia: Entreprenurial index score: 59.31
Georgia is in second place, with 10,871 small businesses per 100,000 of the population – there is a clear entrepreneurial drive. This is supported by the second-highest percentage of the population that has started a new business (0.47%). Georgians also have a high search interest on Google for ‘how to start a business’.
3 – Michigan: Entreprenurial index score: 58.39
Michigan is the third most entrepreneurial state. In 2022 there was a 1772% growth in business applications from 2019. 78% of start-ups are still active after one year and there are 9,091 small businesses per 100,000 of the population. The national average of businesses failing after 5 years is 49%, Michigan is slightly below that, with only 47% of businesses failing.
4 – Oklahoma: Entreprenurial index score: 57.58
In Oklahoma, 0.44% of the population has…
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