Entrepreneurship is one of the basic drivers of economic growth and prosperity in our time. Studies have repeatedly shown that most jobs are generated by small and medium sized enterprises, while big companies periodically shed them. Besides creating jobs, entrepreneurial firms are also a powerful source of commercial innovation, which constitutes the only truly sustainable source of competitive advantage in the modern world.

Different regions experience different levels of entrepreneurship, and this is not random. In other words, some places are better than others for starting a company. They have a better mix of assets, and so more people try to start-up companies in that region, and/or more new companies succeed and grow there.

Furthermore, regions can affect their environment for entrepreneurship, and in so doing spur greater levels of entrepreneurship and prosperity. In order to make good decisions about how to encourage entrepreneurship, regions need a clear picture of where they stand. They need answers to such questions as:

• How is my economy doing overall?
• What role does entrepreneurship play in driving economic growth?
• In which industries and sectors of my economy is entrepreneurship more prevalent?
• Do I have a better chance of boosting entrepreneurship in some industries, but not others?
• What are the drivers of entrepreneurship?
• How does my region measure-up in these drivers relative to competitor regions?

Our entrepreneurship profiles provide the core data we use to assess a region’s entrepreneurial economy. Click here for example customized report on Massachusetts)