According to the State Entrepreneurship Index, which measures entrepreneurial activity on a state-by-state basis, Texas ranks number 9 in the nation in terms of entrepreneurial activity. As such, the state moved up an impressive 25 spots when comparing 2010 to 2008.
The index, which was developed by economists from the Bureau of Business Research and Department of Economics at the University of Nebraska-Lincoln, evaluates several different components. These include:
• The percentage growth and per capita growth in the state’s business establishments
• The state’s business formation rate
• The number of patents held per thousand residents in the state
• The gross receipts of sole proprietorships throughout the state
• The number of