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New business declines in Ohio, Better in Columbus

Walker Evans Walker Evans
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The Dispatch wrote New business declines in Ohio

Saturday, July 5, 2008

BY STEVE WARTENBERG

Wanted: More John McConnells, Dave Thomases and Jerome Schottensteins. And fast. Ohio ranked 47th in the U.S. in entrepreneurial activity in 2007, according to a recent study by the Ewing Marion Kauffman Foundation. The nonprofit organization based in Kansas City supports entrepreneurs.

Local business experts said the rating is a reflection of the state’s poor economy but that central Ohio is doing better than the rest of the state. “In 2007, employment growth was greater in Columbus than the national average, and Columbus gained 11,700 jobs while Ohio lost 11,400.”

In Ohio, 190 out of every 100,000 people created a new business each month in 2007. This gave the Buckeye State an entrepreneurial rating of 0.19 percent, down from 0.22 percent in 2006.

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