About the Midwest: Business Climate

Alliant Energy service territory

Rank

State

Spin-outs per
$1 billion of R&D

23

Minnesota

11.51

38

Iowa

5.99

43

Wisconsin

3.82

State-by-state rankings

Rank

State

Spin-outs per
$1 billion of R&D

1

Maine

96.45

2

Wyoming

48.04

3

Montana

22.41

4

Arkansas

18.49

5

Utah

18.42

6

Virginia

18.29

7

North Carolina

16.80

8

Kentucky

16.70

9

Vermont

15.85

10

South Dakota

15.84

11

Massachusetts

15.75

12

Georgia

15.37

13

Oklahoma

14.36

14

Ohio

14.11

15

Kansas

13.98

16

Arizona

13.61

17

New Jersey

13.25

18

California

12.35

19

Indiana

12.27

20

Rhode Island

11.72

21

Delaware

11.65

22

Nevada

11.55

23

Minnesota

11.51

24

Texas

11.42

25

Pennsylvania

10.93

26

Illinois

10.67

27

Louisiana

10.65

28

Florida

10.51

29

Oregon

9.88

30

Mississippi

9.75

31

New York

9.57

32

Alabama

9.26

33

Michigan

8.35

34

Idaho

8.24

35

New Mexico

7.87

36

Colorado

7.65

37

Nebraska

7.41

38

Iowa

5.99

39

New Hampshire

5.95

40

Maryland

5.65

41

Connecticut

4.88

42

South Carolina

4.35

43

Wisconsin

3.82

44

North Dakota

3.70

45

Missouri

3.64

46

Washington

3.48

47

Tennessee

2.91

48

Alaska

0.00

48

Hawaii

0.00

48

West Virginia

0.00