Entrepreneurs should be screaming "I Love New York," according to the University of Nebraska-Lincoln Bureau of Business Research's just released 2010 State Entrepreneurship Index, which measures effectiveness of five business components of each state:
* Percent growth in employer establishments
* Percent growth in employer establishments per capita
* Business formation rate (i.e, company births per capita)
* Patents per thousand residents
* Gross receipts of sole
New York continued to hold the top rank with a score of 2.34 thanks to its strong performance in gross receipts per capita and substantial improvement in two other components, growth in employer establishments, and establishments per capita. Washington was second (2.17), Massachusetts third (2.04), and New Jersey (1.93), and Oregon (1.93) tied for fourth. The bottom five states? South Carolina (0.07) was dead last, Arizona (0.11) was 49th, Mississippi (0.32) was 48th, Nevada (0.33) was 47th, and Alabama (0.41) was 46th. A 'median state' was assigned a score of 1.0. In case you're wondering, Nebraska rated 21st (1.17).
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