Montana Ranks First for Entrepreneurs - KULR-8 Television, Billings, MT

Montana Ranks First for Entrepreneurs

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The Kauffman Foundation reports Montana ranks first in the nation for entrepreneurs.

According to the Kauffman Index, there are 530 entrepreneurs for every 100,000 adults in the state. Scott Rickard, the Director for the Center of Applied Economic Research at MSU-Billings says that's good news for Montana.

"It speaks towards the ease with which someone living in Montana can start a business and at least in that first time frame manage to find at least fifteen hours a week that they work at," says Rickard.

Jerel Harris is one of those entrepreneurs. His business in Laurel is only 3 weeks old.

"I don't think our economy has been affected that bad as the bigger states that you see, our construction is up and going right now there's just a lot of business a lot of potential out there," says Harris.

Rickard attributes the high ranking to the lack of large corporations employing Montanans, the low cost of starting up a business in the Treasure State, and Montana's can-do attitude.