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Startups Drop For 2011

U.S. Business Startup Activity Drops in 2011 but Remains Above Pre-Great Recession Levels The Kauffman Index of Entrepreneurial Activity A Leading Indicator of New Business Creation in the United States RECESSION .34% 34% .32% 32% .30% .30% .29% .29% 2004 2005 2006 2007 2008 2009 2010 2011 Entrepreneurship dipped in 2011, but still remains above pre-recession levels, according to new data from the Kauffman Index of Entrepreneurial Activity. The Index captures annual information about new business owners in their first month of significant business activity, providing the earliest documentation of new business activity across the United States. It also provides information for demographic, state and select metropolitan statistical areas. New 2011 data, coupled with previous reports since 1996, reveal important shifts in the national level of entrepreneurial activity. The 2011 0.32% business-creation rate translates into approximately From 2007 to 2011, the number of new employer firms remained at series lows. The quarterly employer establishment birth rate dropped from 543,000 0.13% to new businesses being created each month during the year. 0.11% Activity by Demographics Between 1996 and 2011, changing demographics and changing propensities for entrepreneurship led to some large shifts in the composition of new U.S. entrepreneurs. New Latino entrepreneurs more than doubled (from 10.5% to 22.9%) from 1996 to 2011. The share of entrepreneurs ages 55-64 group grew from 14.3% to 20.9% from A growing immigrant population and rising entrepreneurship rate 1996 to 2011 contributed to a rise in the share of new immigrant entrepreneurs. O White O Black O Latino Ages 20-34 O Ages 35-44 O Asian O Native-Born o Immigrant Other Ages 45-54 O Ages 55-64 O 76.4% O 8.4% • 10.5% • 3.5% O 34.8% O 27.0% O 23.9% O 14.3% O 86.3% O 13.7% 1996 1996 1996 1.2% 60.2% O 29.4% • 22.0% O 9.1% O 72.0% O 28.0% 2011 22.9% 2011 2011 27.7% 5.3% O 20.9% 2.5% Activity by Gender Men started companies at twice the rate of women. 0.5% Male 0.4% 0.3% Female 0.2% 0.1% 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Activity by State From 2010 to 2011, U.S. entrepreneurial activity rates decreased in all regions except the Northeast, which experienced a slight increase. The Western region had the highest entrepreneurship rate, and the Midwest had the lowest. The highest ranked states were Arizona, Texas, California, Colorado and Alaska; the lowest ranked states were West Virginia, Pennsylvania, Hawaii, Illinois, Indiana and Virginia. Entrepreneurship Rates O Highest state rankings O Medium state rankings O Lowest state rankings www.kauffman.org/kiea KAUFFMAN The Foundation of Entrepreneurship

Startups Drop For 2011

shared by GeeGrl on Mar 28
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A recent study released by the Ewing Marion Kauffman Foundation has shown that startups declined during 2011. Here is an infographic to help break down that information for you.

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