The Kauffman Foundation Ranks Wisconsin Last in the Nation in Startup Activity. Is That True?
Written By: Dan Steininger, President and Co-Founder of BizStarts
As seen on the June 9, 2016 post in Milwaukee Business Journal OnRamp Blog.
Sometimes major indices can be dead wrong.
Below is a graph showing the startup activity in Wisconsin measured by new LLCs between 2011 and 2015. Bu any measure this represents an explosion of growth in start-ups.
What’s interesting about this graph is that it does not even include individual businesses or partnerships.
Even discounting the rate of increase Wisconsin, is generating somewhere between 30,000 and 50,000 new business enterprises every year.
This is an undeniable historic trend that for reasons that are inexplicable, Kauffman foundation cannot seem to get straight.
BizStarts has experienced firsthand this dramatic increase in first-time entrepreneurs as our deal flow has exploded. We ae now working with over 200 entrepreneurs and we never advertise.
The demand has become overwhelming, so I’m not drinking the Kauffman foundation Kool-Aide.
Our political and business leaders need to figure out a way support the exploding growth of entrepreneurs in this state.
It will require a vast increase of resources to deal with a national trend that roughly 40% of all employees in United States are now working for themselves in the freelance economy; a trend that is happening right here in Wisconsin.
About the Author
Dan Steininger is the president and co-founder of BizStarts. BizStarts facilitates the creation of new companies in southeast Wisconsin. He currently teaches courses on innovation for the UW-Milwaukee School of Continuing Education for business leaders. Contact BizStarts >>
OnRamp offers conversation and connections among the entrepreneurs who are shaping Wisconsin’s economy, and brings corporations and start-ups together at statewide events. View other OnRamp blog posts >>