NCET

The Ewing Marion Kauffman Foundation today announced the results of a new survey of American entrepreneurs showing that entrepreneurs and small businesses continue to struggle despite increasing optimism on Wall Street. One week before Federal Reserve Chairman Ben Bernanke made the statement that the recession is “very likely over,” two-thirds of entrepreneurs reported that the economy is heading in the wrong direction.

In the past year, more than one-third of the entrepreneurs surveyed have shed jobs while only five percent of entrepreneurs have added employees. A majority of entrepreneurs believe that the stimulus package has hurt entrepreneurial activity, and entrepreneurs want government to pursue a fundamentally different approach to encourage entrepreneurship.

“In America, entrepreneurial activity is a leading force in the health and growth of our economy,” said Carl J. Schramm, president and CEO of the Kauffman Foundation. “These results confirm that we’ve got a long way to go before we’re in the clear.” Read full story:

Technorati Tags: The Ewing Marion Kauffman Foundation, entrepreneurs, businesses, Ben Bernanke, Carl J. Schramm, Doug Schoen, NCET, Nevada’s Center for Entrepreneurship and Technology

This entry was posted on Wednesday, September 23rd, 2009 at 3:27 pm and is filed under Industry News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.