Monmouth College, in conjunction with its Midwest Matters initiative, recently partnered with the Midwestern Governors Association (MGA) in conducting a survey of the region’s entrepreneurial environment.
The survey of young Midwestern entrepreneurs was co-sponsored by Des Moines Area Community College, the Iowa Economic Development Authority and the Iowa Association of Business and Industry.
In addition to helping fund the survey, Monmouth College provided the post-survey analysis through the expertise of political science lecturer Robin Johnson, who also was the survey’s principal designer.
The survey is part of Iowa governor Terry Branstad’s agenda as the chair of the MGA. Branstad’s agenda focuses on developing and promoting a positive Midwestern narrative in order to draw attention to the unique qualities of the Midwestern region and all it has to offer – a strong work ethic and climate for business and job growth; high-quality schools and colleges; a stand-out standard of living, including vibrant cities and towns, affordable housing, cultural, recreational and sporting activities; four distinct seasons and breathtaking natural wonders.
Some survey highlights include:
85 percent of businesses in the Midwest are started by people who are native to or who grew up in the region;
“Friendly” and “hardworking” are the two words most often used to describe the region as a whole;
73 percent of those surveyed reported that their current business endeavor is the first time they started a business;
Midwestern businesses believe that 83 percent of their employees are prepared for their job responsibilities; and
98 percent of businesses plan to expand or stay the same size over the next six months.
Said Johnson, “This survey provides an excellent example of regional collaboration across state lines and among business, government and education to further goals important to the Midwest.”
The full survey results can be found at http://www.midwesterngovernors.org/Release/EntrepreneurialResults.pdf.