I spent the morning analyzing entrepreneurial growth in the U.S. Not such great news for the midwest. The West, particularly in states where property tax is low, is producing more rural entrepreneurs than other areas.
Interestingly, even though this blog is written in English, it has almost as many followers in China and Russia as it does in North America.
These two facts mean that region does matter. Some regional cultures are encouraging business formation and others are discouraging it. And national culture does not matter as much as local culture.