The title of this article is actually pretty self explanatory. The number of small businesses started up in Wisconsin is one of the lowest in the entire country. This article discusses the fact that in Wisconsin, 170 businesses were created for every 100,000 adults. This was a 0.08 percentage point decrease in entrepreneurial activity in the three years through 2013 versus the three years through 2003, which is one of the worst declines in the country.
There are some good news however. Wisconsin is doing better at creating high-tech start-ups. Software has been a strong sector and life sciences is coming back. Milwaukee is beginning to fix problem, but the start-ups have not yet gotten big enough to require venture capital.
The lack of Wisconsin entrepreneurship has consequences that go below the lack of new small businesses. These businesses are the ones that employ the most people. They are the heart and soul of our country's economy. More initiatives need to be implemented to ensure Wisconsin is no longer at the bottom.
To end on a positive note, in the last three years about 40% of the semifinalists in the Governor's Business Plan Contest, which attracts entrepreneurs with ideas or very early-stage companies, have come from the Milwaukee area.
Click the link below to go to the original article:
http://www.jsonline.com/business/wisconsin-among-worst-performing-states-for-entrepreneurship-report-finds-b99245006z1-254748071.html
