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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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