Kauffman Foundation State Entrepreneurship Indicators: Wyoming & Neighboring States
Bottom Line: Wyoming is the 4th 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 Wyoming leads its geographic peers by its KESE score, it does not lead in every component. For instance, South Dakota and Montana have a higher percentage of entrepreneurs by choice rather than necessity. And Idaho creates more jobs per startup. Wyoming leads its geographic peers in entrepreneurship rate.
- 47 out of every 1,000 Wyoming residents start a business each month, making Wyoming one of the more entrepreneurial states in the nation.
- 86 percent of Wyoming entrepreneurs create their business by choice, rather than necessity, behind South Dakota's impressive 93 percent rate.
- A disappointing 77 percent of Wyoming businesses survive at least a year -- a lower rate than its geographic peers.
Read the full report HERE.