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Is Minnesota successful in entrepreneurship?

June 17, 2013 By Tim Elliott

minnesota-sealGood story at MinnPost by Scott Litman, co-founder and Managing Partner of Magnet 360 (@scottmagnet) and co-founder of Minnesota Cup, and John Stavig, Director of the Gary S. Holmes Center for Entrepreneurship, Carlson School of Management (@gooddrjds).

Minnesota has consistently been at or near the bottom among all states in the formation of new business entities per capita and the headline from the latest Kauffman Foundation report reinforces this. Business formation rates per capita are one measure of entrepreneurial activity, and since 2007 our state has not placed above 40th. Many have voiced concern over this data, but business formation rates per capita can be a misleading measure, as it does not distinguish between high growth ventures, lifestyle businesses and sole proprietorships.

Read the rest here…

via @MNHeadhunter

Filed Under: MN Entrepreneurs Tagged With: Minnesota, MN Cup

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