(KANSAS CITY, Mo.) May 18, 2017 – Business startup activity trudged slightly upward in 2016, continuing a three-year ascension and reaching pre-Recession levels, according to the 2017 Kauffman Index of Startup Activity, released today by the Ewing Marion Kauffman Foundation.
While the findings are heartening, the report notes, startup activity remains in a long-term decline when compared to activity levels in the 1980s.
"A three-year upward trend in new business formation is a promising sign for the economy," said Victor Hwang, vice president of Entrepreneurship at the Kauffman Foundation. "Recent research demonstrates that more startups lead to higher productivity, wage growth and quality of life.
