TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Report: Economy boosted entrepreneurship in 2011

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By The Associated Press
Friday, Nov. 30, 2012, 12:01 a.m.
 

The slow improvement in the economy gave a huge boost to entrepreneurship last year, according to a study released Thursday.

More than 29 million people were starting or running new businesses in 2011, the study by Babson College in Wellesley, Mass., and Baruch College in New York shows. That was a 60 percent gain from 2010, when entrepreneurship was hurt by uncertainty about the economy.

The gain matched the increase in entrepreneurship recorded in 2005, when the economy and small businesses were booming.

Researchers found that nearly 40 percent of the entrepreneurs they counted expected to add more than five jobs each in the next five years.

 

 
 


Show commenting policy

Most-Read Business

Subscribe today! Click here for our subscription offers.