A recent study from researchers at the University of Nebraska in Lincoln ranked Massachusetts the top state in the nation for entrepreneurs. The annual US State Entrepreneurs Index compares states based on the percent of business growth, per capita business growth, the per capita business formation rate, the number of patents per thousand residents, and the non-farm business income per proprietor. Massachusetts performed very well in nearly all of the categories and topped the list.
There are several reasons why Massachusetts has such a healthy entrepreneurial climate. There is an excellent K-12 education system, so businesses have a pool of well-qualified potential employees from which to pull. In addition, Massachusetts’ excellent universities—including MIT, Harvard, and Tufts—conduct cutting edge scientific research. This translates into a wealth of patents in fields such as medical devices, biotechnology, computers, and engineering. Finally, Massachusetts has a healthy financial sector and a prosperous population, so small businesses can find a niche and thrive. As a Massachusetts entrepreneur, I’m proud to be a part of such a creative and innovative community of business owners.
About the Author:
Jon Sockol, the President of Vivon Corporation in Marlboro, Massachusetts, has a proven track record of successful commercial real estate investments. Sockol holds degrees in Accounting and Business Administration.