Colorado
Rank: 5
Startup Rate: 450 per 100,000 adults*
Colorado's "independent-minded, can-do culture" is one reason for the state's high rate of entrepreneurship, said Matt Cheroutes, director of communications for the state Office of Economic Development and International Trade.
Colorado is ideal for the business-minded individual, he said. The region has fewer multinational corporations than other states, he noted,which means less competition and more opportunity for startups, he explained.
The state is also giving new business owners a hand with a range of economic incentives.
Colorado's high unemployment rate of 9.3% may have fueled some of the state's startup activity, since high unemployment often prompts people to start new businesses, the Kauffman Foundation report said.
NEXT: Vermont
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