2021 State of Startups

The only states not represented in 2020 were New Mexico, Rhode Island, South Dakota, Ver- mont, and Wyoming. It shouldn’t come as a surprise that the most popular states for startups are also the most populous; the top four states represented in Masterplans projects were the four largest states: California, Florida, New York, and Texas. Com- bined, these four states totaled just over 45% of our 2020 projects. However, when adjusted by population, a more interesting list of entrepreneurial states emerg- es. The top 10 states in plans per million people were New York, Florida, Georgia, Maryland, Cal- ifornia, Colorado, Oregon, Connecticut, South Carolina, and Virginia. Geography In 2020, Masterplans clients represented 45 states, the District of Columbia, and two Canadian provinces. FLORIDA 0.47% ALASKA 0.44% CALIFORNIA 0.42% GEORGIA 0.41% TEXAS 0.41% NEW MEXICO 0.40% OKLAHOMA 0.39% WYOMING 0.39% IDAHO 0.38% NORTH DAKOTA 0.38% Source: Ewing Marion Kauffman Foundation Indi- cators of Entrepreneurship TABLE 7: 2019 RATE OF NEW ENTREPRENEURS BY STATE (TOP 10) By percentage of population

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