Department of Economic Development

Vermont is 8th Most Entrepreneurial State

According to the 2012 Kauffman Index of Entrepreneurial Activity, Vermont had 390 startups per 100,000 people in 2011. That ranks Vermont eighth in the nation for entrepreneurial activity.

In its analysis of the report, CNN Money had this to say about the reasons for Vermont's high rate of entrepreneurialism:

"The joke is that when people come to Vermont on vacation, they don't want to leave. According to state legend, iconic IBM chief Tom Watson Jr. opened up a plant here because he loved skiing so much."

"Smaller biotech, bioscience, environmental engineering and other tech companies are drawn to Vermont's vibrant venture capital network and state funding for startups."

"Many innovative firms get their start in incubators based at the state's top-notch schools, like the University of Vermont's Fletcher Allen Medical School. Such academic powerhouses also help produce a highly skilled workforce for entrepreneurs to hire."