New Business Will Bring Economic Recovery

The Kauffman Foundation, a pro-entrepreneurship foundation out of Kansas City, Mo, has released a nationwide poll that brings to light the importance of entrepreneurship in our economy.

Entrepreneurs were ranked more highly than either big business and the government when it comes to job creation, with nearly 80% of respondents stating that entrepreneurship played a critical role in creating jobs.

The foundation's report also noted that "entrepreneurial activity... increased slightly between 2007 and 2008". Interestingly, older Americans aged 55 to 64 saw the greatest increases in entrepreneurial activity, along with immigrants. Immigrants are far more likely to create high-income-potential businesses than are native-born Americans, which may have to do with the difficulty for immigrants to find employment on their own.

Only a few states in the midwest did not see increases in entrepreneurial activity.

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