Startups starting up in New Mexico
ALBUQUERQUE, N.M. – A new U.S. Census Bureau report named New Mexico in the top five most active states in the U.S. for startups. “Measuring America: Job Creation in the United States,” a study released by the bureau, identified New Mexico as the fourth most active startup state with a 2.5 percent growth in startup companies in 2013.
New Mexico came in ahead of Texas and California, both states with strong reputations for startups and was outpaced only by Nevada, Florida and North Dakota. Utah tied New Mexico.
Nevada had a 2.8 percent startup growth rate. Florida showed 2.7 percent growth and North Dakota put 2.6 percent on the board. The average startup growth rate for the nation was 2 percent.
The overall startup job creation trend has been tracking downward in recent years and the new growth bucks the trend.
Image courtesy of U.S. Census Bureau
Source: Albuquerque Business Journal