Entrepreneurial business is growing in many parts of the country with 495,000 new businesses per month started in 2007, according to the Kauffman Index of Entrepreneurial Activity.

The study, which is sponsored by the Ewing Marion Kauffman Foundation, found that some areas encouraged far more entrepreneurial activity than others.

The 10 states with the highest entrepreneurial activity rates were:

1. Idaho
2. District of Columbia
3. Arizona
4. Tennessee
5. Louisiana
6. Wyoming
7. Vermont
8. Montana
9. Georgia
10. California

The 10 states with the lowest entrepreneurial activity rates were:

1. West Virginia
2. Alabama
3. Delaware
4. Pennsylvania
5. Ohio
6. Connecticut
7. Rhode Island
8. Hawaii
9. Washington
10. Virginia

Among the 15 largest metropolitan areas in the United States, the highest entrepreneurial activity rates were in Phoenix, Riverside-San Bernardino, Atlanta, Los Angeles, and Miami. Philadelphia posted the lowest rate of entrepreneurial activity.

Source: Ewing Marion Kauffman Foundation (04/24/08)

Reprinted from REALTOR® Magazine Online April 24, 2008 with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2008. All rights reserved.

Bennington VT, Investment

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