NCET

New business formation increased in 2008 but, in what may be a potential harbinger of the current economic recession, U.S. entrepreneurship rates increased for the lowest-income- potential and middle-income-potential types of businesses from 2007 to 2008; it decreased for the highest-income-potential types of businesses. This is one of the shifts in firm formation trends found in the annual Kauffman Index of Entrepreneurial Activity, a leading indicator of new business activity that provides the earliest documentation of new business development across the United States. Analyzing matched monthly data from the Current Population Survey since 1996, the Kauffman Index allows comparisons of new business creation over time. Read more:

Technorati Tags: Kauffman Foundation, entrepreneurship, Kauffman Index of Entrepreneurial Activity, Robert Litan, Robert Fairlie, University of California Santa Cruz, NCET, Nevada’s Center for Entrepreneurship and Technology

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