6 Million Small Businesses Started in 2007
The Kauffman Foundation recently released their annual Entrepreneurial Activity report for 2007. According to Kauffman, roughly 6 million small businesses were started in 2007. Also, the entrepreneurial activity rate increased slightly over 2006. Some of the key findings:
- Immigrants continue to start businesses at a much higher rate than native born and the spread is increasing.
- Men start businesses at a much higher rate than women and are now twice as likely to start a business.
- The entrepreneurial activity rate for Latinos increased substantially in 2007.
The report also has detailed data by state and major metropolitan areas.
interesting stuff. I just got finished reading the PDF. It kind of inspired me to know that so many people are starting businesses. I believe its a good thing.
What would be good to know now is how many of the small businesses started are still around after 1 year?
Posted by: Mike Smith - Bootstrapping Blog | May 14, 2008 at 06:44 PM