HELENA, MT (August 7, 2018) - Montana leads the United States in entrepreneurship, according to a new study by the Bureau of Business and Economic Research at the University of Montana.
More than ten percent of Montanans own a business as their primary job, compared to the national average of six percent. Approximately 3,400 Montanans launch a new business every month, and more than half of all businesses opened in 2011 were still open five years later.
"Industries wax and wane. The entrepreneur's job is to kind of say, ‘Oh hey, that industry over there is on a downturn. That means there's some capacity that’s going un-utilized here. Let me see if I can figure out how use that to do something else,” said researcher Bruce Ward. "We create a lot of seeds, those seeds germinate and tend to survive."