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The venture capital totals may be falling, but Washington state is still a great place to start a new business. That’s the latest finding from the The State Entrepreneurial Index, which measures a state’s percentage growth and per capita growth in business establishments, its business formation rate, the number of patents per thousand residents and gross receipts of sole proprietorships/partnerships per capita.

According to the study, conducted by the University of Nebraska-Lincoln, Washington state ranked second in terms of entrepreneurship.

Oregon also fared well, rising from 45th in 2008 to fifth in the latest study. New York state was at the top of the list, with Massachusetts and New Jersey rounding out the top five.

We certainly have a number of entrepreneurs in the GeekWire community, so what do you think of the results?

Here’s a look at a graphic showing how the states performed.


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