How's this for that trademark Texas can-do spirit?
The Lone Star State ranked no. 8 in the nation for entrepreneurship in 2011, according to a U.S. State Entrepreneurship Index released this week by the University of Nebraska-Lincoln.
Other Southern states ranked poorly in comparison. Louisiana took dead last (dropping from no. 5 on last year's list).
For the rankings, the university's Bureau of Business Research and Department of Economics looked at entrepreneurial activity in all 50 states, taking into account each state's "percentage growth and per capita growth of business establishments, its business formation rate, the number of patents per thousand residents, and income per non-farm proprietor in each state."
Texas, says the study, "had a strong establishment growth rate and a high value for income per non-farm proprietor." It rose three spots from no. 11 in the 2010 rankings.
Other Southern states ranked poorly in comparison: Louisiana took dead last (dropping from no. 5 on last year's list), and Oklahoma fell in at no. 30. Alabama and Mississippi ranked 44 and 47, respectively.
Massachusetts earned the top spot for 2011, followed by North Dakota, California, New York and Minnesota. Oregon took no. 6 and New Jersey ranked seventh. Illinois and New Hampshire rounded out the top 10.