Wednesday, September 2, 2015

Highest US Entrepreneurship Rate In At Least 16 Years

From MarketWatch, "Entrepreneurship study finds highest recorded levels" by Caitlin Huston:
Entrepreneurship in the United States is at its highest rate in at least 16 years, a new study reports.

According to a study released Wednesday by Babson College and Baruch College, 14% of the United States working age population, about 24 million people, reported being entrepreneurs in 2014. But they weren’t all like Mark Zuckerberg starting Facebook in a Harvard dorm — 6.5% were forming businesses within established companies and 11% were between the ages of 55 and 64, the highest rate of entrepreneurship activity for that age group among 29 developed economies in the study.

The results were the strongest since the colleges began the study in 1999. The study surveys a representative sample of the U.S. population to extrapolate the results and defines entrepreneurship as businesses less than 3.5 years old.

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