Fewer new businesses are starting in Nebraska than in competing states of Arizona, Colorado, Florida and Texas – that according to the Platte Institute for Economic Research. CEO Jim Vokal says Nebraska’s entrepreneurship rates are much lower than the competing states and that comes down to how much is spent per capita on economic development incentives.

Vokal says Nebraska is spending a lot of money on economic development incentives and programs that aren’t helping the state catch up.

Vokal says states that are seeing success have a more welcoming tax policy for everyone instead of the incentives approach.