California in Top 3 in U.S. as Business Startups Rise in Nearly Two-Thirds of States
By Joyce M. Rosenberg, Associated Press
Nearly two-thirds of U.S. states had an increase in new businesses last year, as did a majority of the metropolitan areas studied by the Kauffman Foundation.
Thirty states saw gains in business startups, with larger states showing the biggest increases. The top five were Texas, Florida, California, New York and Colorado. Eleven smaller states saw a decline in new companies.
The geographic breakdown, released last week, offers more details from the foundation’s report in June that the national rate of entrepreneurship rose in 2015, ending a decline that began in 2010.
“While there is considerable variation from one locale to the next, the aggregate data bodes well for business startup activity around the country,” said Arnobio Morelix, an analyst at Kauffman, which conducts research on entrepreneurship and education.
