Los Angeles (PRESS RELEASE – July 17, 2011) - According to new data released by the Organization for Economic Co-Operation and Development (OECD), the US remains a very supportive environment for small businesses, though high failure rates represent a lasting concern.
The report, Entrepreneurship At A Glance 2011, is an annual publication by the OECD. It chronicles the state of entrepreneurship in the various OECD countries through important key indicators. The US fared highly in small business creation, especially in construction, retail and professional services. Support for entrepreneurs was also evident, with the US ranked fourth in terms of administrative ease of starting a business. Financially, venture capital funding in the US totals 0.08% of GDP, which is second only to Israel.
To read the full, original article click on this link: OECD Report Finds US Entrepreneurship Climate Favorable Amidst High Bankruptcy Rates
