Date of this Version
VOLUME 69 NO. 710, AUGUST 2014
Unemployment rates and job growth are popular measures for state economies. However, these trends may differ from the state’s performance in core measures of underlying economic strength such as entrepreneurship, net migration and capital formation. Given this, the University of Nebraska - Lincoln Bureau of Business Research seeks to track these core economic measures in Nebraska and in all U.S. states. The State Entrepreneurship Index is one effort to track these core trends. Specifically, the index is used to track entrepreneurship in all 50 states. The index was initially developed by Eric C. Thompson and William B. Walstad in Entrepreneurship in Nebraska: Conditions, Attitudes, and Actions (Gallup Press, 2008). In the current study, we use that methodological approach to calculate the value of the state entrepreneurship index for 2012 and 2013. The index is composed of 5 components that reflect the income of entrepreneurs, business formation rates, technological innovation, and growth in the number of entrepreneurs.