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Illinois among top states in creating businesses
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Contributor | RP |
Last Edited | RP Jun 24, 2015 05:04pm |
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Category | Report |
Author | Ally Marotti |
Media | Newspaper - Crain's Chicago Business |
News Date | Friday, June 19, 2015 11:00:00 PM UTC0:0 |
Description | So much for the jobs-killer rep—when it comes to states that are growing new businesses, Illinois is among the top U.S. leaders.
The Land of Lincoln ranked No. 2 among states where businesses are being created the fastest, according to numbers released yesterday by the U.S. Bureau of Labor Statistics.
The number of business startups in Illinois jumped 4.7 percent to 421,908 businesses in the fourth quarter compared with a year earlier. The only state beating Illinois was Massachusetts—home of Harvard University and the Massachusetts Institute of Technology—whose fourth-quarter number rose 5.6 percent to 236,091 businesses.
Oregon, Delaware and Georgia rounded out the top five with 4.5 percent, 4.4 percent and 3.4 percent increases, respectively. The number of business startups in California, which has the most by far at 1.4 million, only rose about 3 percent in the fourth quarter compared with a year earlier. |
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