Just the Facts 1999-2000

Table 9
New Business Incorporations Per Business Failure, 1996
Rank	State	Amt.		Rank	State	Amt.
1	Delaware	1046.4		27	Iowa	10.0
2	Nevada	48.8		28	Missouri	9.9
3	Louisiana	42.4		29	Maine	9.6
4	Florida	38.9		30	Hawaii	9.6
5	Mississippi	28.9		31	Wisconsin	9.2
6	South Carolina	21.6		32	Ohio	9.0
7	Minnesota	21.2		33	Nebraska	8.8
8	Georgia	20.6		34	South Dakota	8.7
9	Michigan	20.5		35	New Hampshire	8.2
10	Rhode Island	19.5		36	Massachusetts	7.9
11	Virginia	18.0		37	West Virginia	7.9
12	Wyoming	17.8		38	Connecticut	7.7
13	North Carolina	17.2		39	Colorado	7.4
14	Utah	16.7		40	New Mexico	7.2
15	NEW YORK	14.9		41	Pennsylvania	6.7
16	Indiana	14.8		42	Texas	6.4
17	Vermont	14.6		43	Alaska	6.0
18	New Jersey	14.4		44	Arkansas	6.0
19	Alabama	14.2		45	Tennessee	5.8
20	Illinois	14.1		46	Oklahoma	5.2
21	Montana	13.0		47	Washington	4.8
22	Kentucky	12.6		48	Idaho	4.6
23	Arizona	12.0		49	Kansas	4.0
24	Maryland	11.5		50	California	2.6
25	North Dakota	11.4		U.S. average		10.9
26	Oregon	11.0		N.Y.S. % above		37.0%
Source: Public Policy Institute calculations; data from Dun & Bradstreet Corp.
New York is more entrepreneurial than most states; Delaware leads in new incorporations because of its business law and commercial courts.

   

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