Entrepreneurship

Summary:

Entrepreneurship is the process of bringing an idea to life and sharing it in the marketplace. The principal sources of innovation and job creation are new, young, and growing companies, responsible for nearly all of the net new job creation in the U.S. economy. As a result, entrepreneurship cannot be considered an afterthought. Whatever one’s politics, it is a national priority.

Having finally recovered from the Great Recession, the national entrepreneurship rate is at its highest level in two decades. The purpose of this page to gather the best thinking on what can be done to keep it growing. Declines in entrepreneurship reduce productivity and job formation – and with them economic growth, wages, and living standards for all Americans.

Recent research suggests that policymakers seeking to promote entrepreneurship in their city or state achieve the best results when they turn from past strategies and embrace a new economic model that recognizes the changing nature of work and need for an educational system that supports it. Steve Jobs put this concept simply. “Let’s go invent tomorrow,” he said, “rather than worrying about what happened yesterday.”

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Essential Reading

  • Economic Innovation Group
    Bottom Line: Entrepreneurship in the U.S. is in retreat. While this decline has been true for the last four decades it is especially pronounced since the Great Recession. Firm deaths...
  • Kauffman Foundation
    Bottom Line: Global Entrepreneurship Week -- Nov. 18 to 24th, 2019 -- marks 12 years of helping millions of people unleash their ideas to start and scale new businesses. Nearly 10 mi...
  • Bruce Katz, Ross Baird, Jihae Lee, Daniel Palmer, Accelerator for America
    Bottom Line: Distressed communities are being revitalized not from the top-down but from the bottom-up. A focus on low-income rental housing, federal tax incentives, federally encour...
  • Collin West, Gopinath Sundaramurthy, Kauffman Foundation
    Bottom Line: Companies with female founders hire 2.5 times more women than male-dominated ones. To improve gender-diversity in startups, female entrepreneurs must be supported at eve...
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Multimedia

Diane Mulcahy, Kauffman Foundation
Victor Hwang, Kauffman Foundation
Brent St. Catherine, Choice Media Network
Cornell Ellis, Kauffman Foundation
Nick Castner, 1 Million Cups
Inbal Gottesman, The Keystone
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