Kauffman Index of Entrepreneurial Activity: 1996-2010
Posted by Margaret Lamb - On June 03, 2011 (EST)
The Kauffman Foundation recently released its annual index of entrepreneurial activity showing that monthly business creation remained at its highest level in 15 years. The indicator was bolstered significantly, however, by a growing number of Americans starting sole proprietorships during the Great Recession in lieu of employer firms capable of supporting other employees.
Approximately 565,000 Americans started new businesses every month in 2010, a rate that has remained at 0.34 percent for two years and grown from 0.30 percent in 2007. However, during that same time period, the number of employer firms fell from 0.13 percent in 2007 to 0.10 percent in 2010. The Kauffman Index includes entrepreneurial activity for each state from 1996 thru 2010, as well as demographic trends by gender, race, immigrant status, age and education.
Modified On : June 03, 2011
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