As we struggle with the lingering effects of the recession, it’s hard to see the silver lining in our economic forecast. Despite the statistical end to the recession, many economists don’t believe that we will recover to 2007 employment levels for another two to three years. The big question is: where will this growth come from?
The short answer? Entrepreneurs. A recent study by the Kauffman Foundation found that the rate of business startups is very stable from year to year, varying between 3% to 6%. Entrepreneurship is resilient to both economic booms and busts which is good news for policymakers interested in a sustainable growth strategy that doesn’t suffer from cyclical downturns.
To read the full, original article click on this link: Pittsburgh: The Entrepreneurial City (Part 1) - Fourth Economy
Author: Jerry Paytas
