Kauffman Foundation State Entrepreneurship Indicators: New York & Neighboring States
Bottom Line: Florida is the 11th most entrepreneurial state in the nation according to the Kauffman Foundation's Early-Stage Entrepreneurship Index (KESE), which aggregates entrepreneurship rates, jobs created by startup, entrepreneurship by choice (rather than necessity), and survival rate after one year. While New York leads its geographic peers by its KESE score, it does not lead in every component. For instance, Pennsylvania and New Jersey have a higher percentage of startups that are still active after one year. New York does lead its geographic peers in entrepreneurship rate, entrepreneurship by choice rather than necessity, and the average number of startup jobs created.
- 33 out of every 1,000 New York residents start a business each month, making New York one of the more entrepreneurial states in the nation.
- 87 percent of New York entrepreneurs create their business by choice, rather than necessity, more than its regional peers and one of the better rates in the nation.
- New York creates an average of 6.3 jobs per startup -- a significantly higher rate than its geographic peers.
Read the full report HERE.