Georgia Ranks 4th in U.S. Entrepreneurship
Tuesday, April 23rd, 2024
A new study revealed that Wyoming is the most entrepreneurial state in America, with 23,212 business applications per 100,000 residents.
The study, conducted by digital marketing agency Hennessey Digital, examined US Census data to reveal the number of general business applications filled in each state between 2021 and 2023 compared to its population, revealing the total number of business applications made per 100,000 residents. This then revealed a ranking of most to least entrepreneurial states in the US.
Wyoming is revealed to be the most entrepreneurial state in America. Between 2021 and 2023, the state completed 23,212 general business applications per 100,000 residents. In 2023, the state completed the most applications for its state, with 10,062 applications made per 100,000 residents.
Delaware is the second most entrepreneurial state in America, with 14,362 business applications made between 2021 and 2023 per 100,000 people. Last year, Delaware completed 5,368 general business applications per 100,000 residents.
Florida is the third most entrepreneurial state. In 2023, the state had the third-highest number of general business applications per 100,000 residents, with 2,955. Between 2021 and 2023, Florida made 8,629 general business applications per 100,000 residents.
The fourth most entrepreneurial state in the US is Georgia, where between 2021 and 2023, 8,071 general business applications were made per 100,000 people. 2021 was the state's busiest year for business applications, with 3,032 applications made per 100,000 residents.
Colorado is the fifth most entrepreneurial state in America, with 6,366 general business applications made between 2021 and 2023 per 100,000 residents. In 2023, the state completed 2,436 applications per 100,000 residents.
The top 10 most entrepreneurial states in the US
|
Rank
|
State
|
2021
|
2022
|
2023
|
Total
|
|
1
|
Wyoming
|
5862
|
7287
|
10062
|
23212
|
|
2
|
Delaware
|
4494
|
4500
|
5368
|
14362
|
|
3
|
Florida
|
2917
|
2757
|
2955
|
8629
|
|
4
|
Georgia
|
3032
|
2521
|
2518
|
8071
|
|
5
|
Colorado
|
1928
|
2002
|
2436
|
6366
|
|
6
|
Nevada
|
2166
|
1962
|
2064
|
6192
|
|
7
|
Mississippi
|
2235
|
1906
|
1815
|
5957
|
|
8
|
Utah
|
1903
|
1935
|
2106
|
5943
|
|
9
|
Louisiana
|
2172
|
1765
|
1760
|
5697
|
|
10
|
Montana
|
1741
|
1848
|
2101
|
5690
|
America's least entrepreneurial state is West Virginia, where between 2021 and 2023, the state completed 2,398 general business applications per 100,000 residents.
Iowa is the second least entrepreneurial state in the US, with 2,919 business applications made between 2021 and 2023 per 100,000 residents. Maine is the third least entrepreneurial state in the US, with 2,928 business applications per 100,000 residents between 2021 and 2023.
The 10 least entrepreneurial states in the US
|
Rank
|
State
|
2021
|
2022
|
2023
|
Total
|
|
1
|
West Virginia
|
751
|
782
|
865
|
2398
|
|
2
|
Iowa
|
939
|
936
|
1044
|
2919
|
|
3
|
Maine
|
983
|
935
|
1009
|
2928
|
|
4
|
Rhode Island
|
1047
|
1004
|
1062
|
3113
|
|
5
|
Nebraska
|
996
|
1048
|
1091
|
3135
|
|
6
|
New Hampshire
|
997
|
1003
|
1154
|
3155
|
|
7
|
Massachusetts
|
1088
|
1025
|
1091
|
3204
|
|
8
|
North Dakota
|
1044
|
1030
|
1144
|
3219
|
|
9
|
Kansas
|
1043
|
1061
|
1133
|
3238
|
|
10
|
Wisconsin
|
1112
|
1098
|
1107
|
3317
|
Jason Hennessey, CEO of Hennessey Digital, commented on the study: "America is home to some of the most famous entrepreneurial faces in the world, from Bill Gates to Oprah Winfrey; the US is filled with successful innovators and entrepreneurs who are determined to succeed in the business world.
This study indicates which states are putting their first foot forward into the entrepreneurial world and are keen to achieve success and wealth. It also offers a fascinating insight into which states, in general, are not as eager to take the entrepreneurial leap of faith and are possibly less driven in their desire to become business owners and entrepreneurs.
