Kauffman Foundation: Minnesota ranks last in business creation in 2012
- Blog Post by: Adam Belz
- April 18, 2013 - 9:32 AM
Roughly 150 out of every 100,000 Minnesotans is an entrepreneur, according to the report. The U.S. average, 300 per 100,000, is double Minnesota's rate.
What this means is complicated. Dan Carr, who runs the Collaborative, a group that helps growing companies get bigger, said Minnesota has done poorly in past Kauffman surveys. Also, the medtech sector, which moves slowly even in good times, is weak.
Patrick Steele, a Minneapolis guy on Twitter, had another theory for the low ranking:
@adambelz Us Scandihoovians don't want to intrude on the market place and be an inconvenience.— Patrick (@panndder) April 17, 2013
© 2014 Star Tribune