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Sunday, March 29th, 2015


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Massachusetts the Top State for Entrepreneurs

Massachusetts is the best state in which to be an entrepreneur, a study says.Massachusetts has the nation's most innovation-friendly economy and is one of the best places in the country to be an entrepreneur, the Ewing Marion Kauffman Foundation says.

The nonprofit group, which is dedicated to promoting entrepreneurship education, assessed the 50 states on 26 metrics in five categories. States were ranked on the number of knowledge jobs they have; the extent to which they are globalized; the dynamism of their economies; the success they have had in embracing the digital economy; and their technical innovation capabilities.

Also high on the Kauffman Foundation's list were Washington State, Maryland, New Jersey and Connecticut. But, since 2006, Massachusetts has all but dominated the ranking: It's been No. 1 on the foundation's innovation list for five straight years.

Robert Litan, the nonprofit's vice president for research, argues that a lack of innovation has contributed to the nation's current economic predicament. "A mix of highly productive and innovative New Economy firms is necessary for an economy to prosper," he said. "The United States is lagging, and that lack of innovation-based vitality has contributed to our continuing recession."
 

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