The same organization that has ranked the Badger state 50th for the past couple of years for startup activity has better news when it comes to “Main Street entrepreneurship” focusing on small, local businesses.
Wisconsin comes in second behind Minnesota, up from third place last year, when compared to the largest 25 U.S. states by population, and 12th overall nationally in the Kauffman Foundation study.
The study explored the state’s percentage of adult-owned businesses, the proportion of those with 50 or fewer employees, and the survival rate after five years. The data also shows growth in the number of black-, Asian-, and female-owned businesses statewide.
