Nationally recognized Economic Modeling Specialists Inc. (EMSI) conducts a study ranking each state based on its net creation of business “establishments,” defined as a single physical location of some type of economic activity. Businesses, lawmakers, and lobbyists all rely on the EMSI study for business-friendly policy reviews and planning.
According to their summary, Washington State ranked No. 1 in 2010 with the formation of more than 8,300 new business establishments. It was third in the US in 2009 and 11th in 2008. Massachusetts, Texas, New York, and Illinois joined Washington as the largest net establishment creators.
From 2009 to 2010, 29 states had net business establishment decline. Michigan had the largest drop, while California, Colorado, and Ohio, and Georgia were also in the bottom five.
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