Silicon Valley gets all the glory, but the real hotbed of American entrepreneurship appears to be a few hundred miles to the northeast: Montana.
The state leads the nation in business creation, according to a new report from the Kauffman Foundation, which produces an annual analysis and ranking of start-up activity in every state. This year, the organization expanded its study to include the 40 largest metro areas. Austin, Tex., took the top spot in that ranking, followed by Miami. San Jose, Calif., a tech industry center, came in third.
Image: Customers enjoy a beer in the taproom on the main floor of Meadowlark Brewing & Meeting House. Credit Lynn Donaldson for The New York Times
