TribLIVE

| Business


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

Report: Economy boosted entrepreneurship in 2011

Email Newsletters

Click here to sign up for one of our email newsletters.

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.

Daily Photo Galleries

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.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Trooper fatally shoots burglary suspect inside Somerset grocery store
  2. Struggling Pirates SS Mercer finding himself out on infield’s left side
  3. Steelers offensive line targeting injury-free performance as key
  4. Pa. sees widespread job gains; jobless rate holds at 5.3%
  5. Armed bandie holds up Leechburg gas station
  6. Westmoreland used car dealers indicted in fraud
  7. Officials envision reinvigorated Allegheny County Airport
  8. Police seize heroin, cash in North Versailles
  9. Starkey: Patriots’ legacy forever stained
  10. Allegheny County inmate dies at hospital
  11. New Kensington Megan’s Law offender jailed on new child porn charges