The entrepreneur index of various states has been released by the University of Nebraska-Lincoln. This entrepreneur index is made considering many factors including the percentage growth in number of businesses, per capita growth in number of businesses, new business formation, and number of patents per 1000 citizens and gross receipts of sole proprietorship per capita.
According to Eric Thompson, director of Business Research at the University, this entrepreneur index is different since it also includes the sales and innovation among the businesses and not just business formation rate. They have also removed the factor of high population of particular states by keeping population ratios in three of their data fields.
The entrepreneur index gives a median value of 1.0 to the state and the best state for an entrepreneur got the value of 2.34 and the lowest value for a state was 0.07. Many states like California, Nevada, Arkansas and Tennessee suffered a huge dip in their rankings due to reasons varying from economic dislocation to sharp declines in new growth of businesses.

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