TribLIVE

| Business


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

Report: Economy boosted entrepreneurship in 2011

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.

 

 
 


Show commenting policy

Most-Read Stories

  1. Steelers cut linebacker Kion Wilson, sign cornerback Toler
  2. Five questions facing Steelers entering training camp
  3. Motorcycle runs off road in Butler County, kills Shaler man
  4. Suspended Penn-Trafford teacher charged with stalking student
  5. Route 22 accident in Monroeville causes traffic jam
  6. Pirates’ Melancon has been consistent since moving into closer’s role
  7. Carjacked vehicle hits Philly crowd, kills 2 children
  8. North Huntingdon woman charged with threatening to burn down officer’s house
  9. Small plane goes down near Grove City
  10. Amazon.com distribution center planned for Pittsburgh’s West End
  11. LaBar: John Cena leaving WWE for Hollywood?
Subscribe today! Click here for our subscription offers.