What have you always wondered about the economy? Tell Us

The best states for starting a business

Mitchell Hartman Nov 19, 2008
HTML EMBED:
COPY

The best states for starting a business

Mitchell Hartman Nov 19, 2008
HTML EMBED:
COPY

TEXT OF STORY

Steve Chiotakis: A new report ranks states by the climate for new economic growth. Where’s the best place to launch? From the Entrepreneurship Desk at Oregon Public Broadcasting, Mitchell Hartman opens the envelope.


Mitchell Hartman: And the winner is . . .

[Drumroll]

. . . Massachusetts, followed by Washington, Maryland, Delaware and New Jersey. The list isn’t all that surprising. These states have lots of “knowledge workers” and world-class R&D in fields like biotech and clean technology.

Bob Litan of the Kauffman Foundation says a hyperactive environment for start-ups is also a good sign.

Bob Litan: You’ll see a lot of firm births and firm deaths, because a dynamic economy is one in which there’s a lot of churn.

Litan says regions with “old economy” farming and manufacturing are now coming up in the world.

Litan: Take for example the Great Plains States. There’s a lot of bio-this and bio-that that can be converted into energy.

Litan says the combination of natural resources, and well-funded university research could make the Midwest the hub of an entrepreneurial revolution in renewable energy.

I’m Mitchell Hartman for Marketplace.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.