The Inquirer’s Mike Armstrong reports on the noted Kauffman Index of Entrepreneurial Activity report’s less than vibrant take on Philly’s business climate:
A key measure of business formation shows 2010 had the highest rate of activity in 15 years…That’s the good news. But here are two pieces of bad news. First, many of those new businesses created jobs only for their entrepreneurs, not others…Second, Philadelphia ranks dead last – again – among the 15 biggest metropolitan areas in terms of entrepreneurial activity. And Pennsylvania didn’t fare much better, surpassing only West Virginia, the state with the most frigid business climate.