Latest Babson Research on US Entrepreneurship

The Global Entrepreneurship Monitor (GEM) has put out its US report by Babson College and Baruch College. For the first time, the study has reported on minority business ownership in the US. From the Babson release (including links to the full report and data)

Although the U.S. continues to rank high in entrepreneurial activity, the new GEM study suggests a portentous weakening in the nation’s normally robust entrepreneurial engine.picture-55

According to the “Global Entrepreneurship Monitor (GEM) 2006-2007 National Entrepreneurial Assessment for the United States of America,” conducted by Babson College and Baruch College, while U.S. entrepreneurship was 50% higher than the average of all other high-income (GEM) countries and equals the rate in low-and middle-income (GEM) countries, there was a large decline in entrepreneurial activity from 12.4% in 2005 to just 9.6% in 2007.picture-56

There are some really interesting and important findings in an era when the government is getting heavily involved in the economy. Are we about to see a period of decreased opportunities for entrepreneurs? The 50 page executive summary can be found here. Worth downloading.

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