Montana tops entrepreneurial state list

CNN Money reported today that Montana has topped an annual survey of entrepreneurial activity, reporting a whopping 530 startup businesses per 100,000 citizens.

The Kauffman Index identifies people between the ages of 20 and 64 who do not own their own businesses. Then it sees how many of those people started their own businesses the following month. The two-month survey pairs are averaged to calculate an entrepreneurial rate for the year.

CNN credits the booming oil and gas industry in the eastern half of the state for the increased ranking for the state, which jumped up from 17th last year. Bozeman gets props in the article for being a hub of tech startups.

Read the full report below: