By Mikal E. Belicove|For Entrepreneur.com|May 21, 2010
According to the latest figures from the Kauffman Foundation, for each month in 2009, 340 out of 100,000 U.S. adults started a new business. That statistic, the highest in the last 14 years, represents a 4 percent increase over 2008, or 27,000 more starts per month than in 2008, and 60,000 more starts per month than in 2007. What that means is that in 2009, 558,000 new businesses were created each month, signaling perhaps that the nation’s entrepreneurs are unabashedly paving the road out of the U.S. recession.
Kauffman’s findings, which are detailed in the Kauffman Index of Entrepreneurial Activity: 1996 – 2009, reveal that entrepreneurship rates by race show that African-Americans experienced the largest increase in new business activity between 2008 and 2009. Rising from 0.22 percent in 2008 to 0.27 percent in 2009, the rate was the highest over the 14 years of reported data.
Other key findings include:
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