7/20/2011 1:14:04 AM By
E.J. Reedy
The
Federal Reserve Bank of Minneapolis has a nice piece out examining many of the same issues we looked at in
Starting Smaller; Staying Smaller: America's Slow Leak in Job Creation but from a five state perspective. I particularly enjoyed their interviews with some local entrepreneurs and service providers to provide additional reaction and context to some of their findings. The five states they examine, because of their geographic responsibilities, are quite interesting on this topic - Minnesota and Wisconsin (not doing that well) and North Dakota, South Dakota, and Montana (doing better). But even those states doing OK by the measures examined are only just holding steady. Indeed, it's not that you're seeing better survival rates, better job creation, or better numbers of starts but that those things are trending down for the latter states. This piece is worth a read and if you're doing a similar type of analysis at the regional level in the U.S. please
let me know.