In a recent analysis, the startup formation rate in Wisconsin is 5.95% compared to a national average of 8.13%, according to a Roofstock report. The analysis calculated the trailing five-year average startup formation, which is defined as the number of new firms in a given year divided by the total number of firms. New startup businesses in Wisconsin account for 11.65% of new jobs created per year, but out of all of the U.S. states, Wisconsin has the sixth fewest startups. Key findings from the report about Wisconsin include:
- Startup formation rate: 5.95%;
- Annual startup formations: 5,780;
- Annual new jobs created by startups: 32,416; and
- Jobs created by startups as a percentage of all new jobs: 11.65%.
Key findings from the report about the entire United States:
- Startup formation rate: 8.13%;
- Annual startup formations: 423,148;
- Annual new jobs created by startups: 2,285,251; and
- Jobs created by startups as a percentage of all new jobs: 14.12%.
