Startup Businesses a Major Job Creation Engine

July 30, 2010 at 6:59 am Leave a comment

The Kauffman Foundation finds that startup companies are a critical part of the employment puzzle. According to a new dataset from the federal government called Business Dynamics Statistics (BDS), startups continuously create new jobs, while old companies are eliminating the most jobs. Without startups, there would be no net job growth in the economy. Figures supporting this claim going back to 1977, and have only not proven true for seven of those 33 years.  As a group, startup firms add approximate 3 million jobs per year in the first year of existence. While existing companies do, of course, create jobs, existing businesses tend to lose more jobs than they create. Download the study report here.

Advertisements

Entry filed under: Employment Trends, Entrepreneurship. Tags: , , .

Labor Remains #1 Consideration in Industry Site Location Lost Job, Lost Friends, Lost Self-Respect

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Archives

Calendar

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 16 other followers


%d bloggers like this: