Belmont University

Report Shows Significant Business Start-up Activity

A new report from the Kauffman Foundation finds that entrepreneurial activity still very high in the US. From the National Dialogue on Entrepreneurship:

The new report shows that there were 464,000 people creating new business each month in 2005 -- a rate of 0.29 percent of the total adult population.

That equates to:

- 5,568,000 new businesses a year
- 107,077 new businesses every week
- 15,297 new businesses every day
- 637 new businesses every hour
- 11 new businesses every minute

Any question that the US is now in an entrepreneurial economy?


Posted by Jeff Cornwall on May 30, 2006 07:35 AM |

Comments

Two interesting items in Kauffman study stood out to me: The entrepreneurial activity among people aged 55-64, and among people with "less than a high school education" seemed to be significantly higher than in other segments--and consistently so over the years. Also, the entrepreneurial activity among immigrants and people who live in the West is consistently higher.

Birdied by: John Russell | June 17, 2006 12:06 AM

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