FOR IMMEDIATE RELEASE: June 4, 2015
Mike Wessler, Deputy Communications Director, 444-9725
Montana Top State for Entrepreneurs for Third Year in a Row
HELENA – Governor Steve Bullock today highlighted a report from the Kauffman Foundation that shows that Montana, for the third year in a row, has been named the top state for entrepreneurial activity, with 540 new entrepreneurs for every 100,000 adults in a given month. This was up from 490 new entrepreneurs in a given month in last year’s report. The report also showed that Montana’s start up density, which measures the number of startup firms per 100,000 residents, was up from 184.7 last year, to 195.7 in this year’s report.
“As Montana’s economy continues to outpace the nation, it is the entrepreneurial spirit that provides much of our state’s success,” Bullock said. “These entrepreneurs have a good idea and the courage to take the risk to make it a reality. I’m pleased that Montana continues to lead the nation in helping these innovators succeed.”
The annual ranking was published by the Kauffman Index of Startup Activity, a leading indicator of new business creation in the United States.
In its report, the Kauffman Foundation found that Montana significantly outpaced the national average of new entrepreneurs of 310 new entrepreneurs in a given month. The report also found that entrepreneurial activity is generally the highest in western. Wyoming, North Dakota, Colorado and Vermont round out the top five states for entrepreneurs.
In his Main Street Montana Project business plan for the state, Bullock highlighted the importance of continuing to nurture emerging industries and encouraging innovation as one of the pillars for economic growth in the state.
The Kauffman Foundation’s report is available at: http://www.kauffman.org/~/media/kauffman_org/research%20reports%20and%20covers/2015/05/kauffman_index_startup_activity_state_trends_2015.pdf