One of the left’s favorite chanting points this past few months has been that, supposedly, Minnesota’s job growth under an all-Democrat regime has outstripped that of newly-Republican Wisconsin.
Conservatives responded that Wisconsin was shaking off the after-effects of decades of “progressive” incompetence, and would take a while, while in the meantime Minnesota was still coasting on having had ten years of one combination of GOP governor or legislature or another.
Well, the coasting’s stopped:
There was a “substantial vacation” in U.S. entrepreneurial activity last year—but nowhere was it as pronounced as in Minnesota.
That’s according to The Kauffman Index of Entrepreneurial Activity, a report compiled by the Kansas City, Missouri-based Ewing Marion Kauffman Foundation. The study essentially defines entrepreneurial activity as being tied to the launch of new businesses, and it is meant to serve as an indicator of business-creation activity across the United States.
The report found that there was a national lull in entrepreneurship in 2012, when roughly 514,000 entrepreneurs opened new businesses each month, down from 543,000 in 2011.
The report defines entrepreneurial activity based on how many adults per 100,000 residents started a new business each month during the year. Minnesota fared the worst, with only about 150 out of 100,000 residents opening businesses on a monthly basis.
Minnesota has always been a difficult place to start a business.
Run a Fortune 500? That’s a whole ‘nother thing – although ask yourselves how many Fortune 500s based in the Twin Cities are building non-retail operations in the state these days.
But how about Wisconsin?
This MPR story a few months back shows that while Wisconsin is lagging, a big part of the reason is that the Badgers are overcoming so much negative intertia from when the Democrats had full reign over the place.