Entrepreneurial momentum in the United States remains vibrant, reflected by over 5.2 million new business applications filed in 2024. Wave's study ranked all 50 states based on six weighted factors, leading to the creation of an 'Entrepreneurship Strength Index.' Wyoming emerged as the top state, with 10,000 business applications per 100,000 residents and a 77% startup survival rate. Montana and Utah followed, excelled in job creation and opportunity-driven entrepreneurship. Delaware and Colorado also showed noteworthy business formation rates and survival statistics, indicating a strong entrepreneurial spirit across these states.
Wyoming ranked No. 1 in entrepreneurship, with an astonishing 10,000 business applications per 100,000 people in 2024, over six times the national average.
Montana came second, experiencing strong job creation and solid startup survival rates, resulting in an impressive 81% survival rate for new firms.
Utah ranked third with the highest rate of opportunity-driven entrepreneurship at 91%, despite having a smaller business count per capita.
Delaware secured fourth place due to high business formation and strong startup survival rates, indicating a motivated and successful entrepreneur base.
#entrepreneurship #business-applications #startup-survival #state-rankings #opportunity-driven-entrepreneurship
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