TribLIVE

| Business


Report: Economy boosted entrepreneurship in 2011

About The Associated Press
The Associated Press 212-621-1500
Associated Press
The Associated Press



Contact Us | Video | RSS | Mobile



By The Associated Press

Published: Friday, November 30, 2012, 12:01 a.m.
Updated: Tuesday, February 19, 2013

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.

Most Popular Stories

  1. Kovacevic: Matt Cooke 1, Ottawa Senators 0
  2. Letang dazzles with dynamic play in Game 5 win
  3. Penguins rout Senators, return to Eastern Conference final
  4. Alfredsson ponders his future
  5. Pipeline project creates unease in Westmoreland County
  6. Steelers hope new blocking scheme kick-starts running game
  7. Pirates notebook: Bucs shut down injured Karstens
  8. Rankin teen charged in 16-year-old girl’s shooting death
  9. Friend of man accused in soldier's death arrested at BBC after interview
  10. Smoking in school costs New Florence man more than a fine
  11. 16-year-old girl shot and killed on Rankin street
You must be signed in to add comments

To comment, click the Sign in or sign up at the very top of this page.

There are currently no comments for this story.
Subscribe today! Click here for our subscription offers.