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An Okie-grown opportunity: State is an attractive place to start, grow a business
Oklahoma continues to be a good place to start and grow an entrepreneurial business, a recent analysis by the Kauffman Foundation shows.
The foundation issued its annual Kauffman Index of Growth Entrepreneurship this month, and based on he data, the Sooner State ranked among the top 10 for entrepreneurial growth among the nation's 25 smallest states.
The index looks at three factors in making its determinations: the rate of startup growth, which measures the average employment growth during startups' first five years; the share of scale ups, which measures significant employment growth a company experiences during its first 10 years; and high-growth company density, which analyzes how many private companies have at least $2 million in annual revenue and 20-percent annualized growth during a three-year period.
This year, the index ranks Oklahoma seventh among small states, down one spot from its ranking for 2016.