Despite its reputation of having a poor business climate, New York’s entrepreneurial activity is higher than any other state in the country, according to analysis by the University of Nebraska.
New York’s State Entrepreneurship Index was 2.34 as of July, putting it slightly ahead of the state of Washington (2.17) and Massachusetts (2.04) as of July.
The state was also on top in 2008, the last time the university put out the index.
The index is based on five components and how they compare to the national average. From the school’s website:
The SEI combines five key components—a state’s percentage growth and per capita growth in business establishments, its business formation rate, the number of patents per thousand residents and gross receipts of sole proprietorships and partnerships per capita—to build its state-by-state rankings.
A listing of scores across the nation is below: