North Carolina at No. 26 for entrepreneurship
North Carolina ranks No. 26 in the latest State Entrepreneurship Index from the University of Nebraska-Lincoln, jumping 12 spots from No. 38 a year earlier.
To determine the rankings, University of Nebraska researchers assign each state a score based on five factors: the net growth in business establishments, business formation rate, patents per thousand residents and average proprietor income. The formula depends on per-capita calculations, so states with larger populations don’t necessarily have an advantage just for size.
The latest rankings are based on 2011 data.
The report released this week shows the Tar Heel State earned high marks in all areas but proprietor income for an overall score of 1.03, above the median level of 1.
South Carolina ranks near the bottom of the list at No. 48, ahead of only Michigan and Louisiana. But that’s an improvement for the Palmetto State, which was dead last a year earlier. South Carolina was given an overall score of 0.19.
Massachusetts tops the list for the second year in a row, followed by North Dakota. California and New York are third and fourth, respectively, with Minnesota rounding out the top five.