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?
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.