This study examines the relationship between new business creation and population migration between states in the U.S. In addition to general migration patterns between the states, the study tracks the movement of the young, single and college-educated segment of the population. This cohort may be less risk averse and more geographically mobile, and also bring intellectual resources to the areas where they choose to live.

The study builds on two lines of inquiry regarding entrepreneurial activity and geographic mobility of human capital. International studies of immigrant entrepreneurship examine the propensity of migrants to subsequently become entrepreneurs. Recent studies of highly-educated immigrants relate entrepreneurial activity to knowledge migration. A second line of inquiry examines the extent to which cities and regions serve as attractors of talented people.