Economic dynamism falls across the US

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How Millennials Can Start a Business When They Have Personal Debt

/   Rebecca Lake, Fundera Ledger

If you’re a millennial who dreams of owning your own business, you’re not alone. According to a joint survey from EY and the Economic Innovation Group, 62% of young adults have considered starting their own business. The biggest obstacle standing in their way? For 42% of them, it’s a lack of financial means. … By: Rebecca…

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Central Florida 100: Cockamamie contempt for pot clinics vs. the will of Florida voters

/   Tom Dyer, Orlando Sentinel

The stock market is soaring, but America’s recovery from the Great Recession remains uneven. One big reason is that recent start-up activity has been concentrated in a few specific areas, including Central Florida. Analysis by the Economic Innovation Group found that since 2010, more than half of new businesses were created in just 20 of…

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San Francisco Fed: Workforce development may help boost business formation

/   Jonathan Dworin, SSTi

In the Economic Innovation Group’s Index of State Dynamism, top performing states like Nevada, Utah, Florida, Colorado, and Texas all have fast growing populations. In these states, because the rate of business formation and availability of labor is seemingly higher, the dual-effect of more customers and more potential entrepreneurs could be playing a role. ……

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America’s lopsided economy: Tech job edition

/   James Pethokoukis, AEI

So even taking a more expansive view of what constitutes a “tech hub,” there’ s a whole lot of territory and population nowhere near any of them. It’s a map that immediately reminded me of a similar one from the Economic Innovation Group showing the lopsided nature of the current economic recovery in terms of…

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High-tech, low growth

/   Brett Evans, Inside Story

New research from the Economic Innovation Group, Dynamism in Retreat, reveals a worrying trend — in the US, at least. “For the first time, the United States experienced a collapse in new business creation so severe that companies were dying faster than they were being born,” the report says. “The rate of new business has…

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How Long Will the Recovery Last?

/   Andrew Soergel, US News & World Reports

A separate report published last year by the Economic Innovation Group found that only 20 of 3,100 U.S. counties accounted for half of the country’s new businesses established between 2010 and 2014. And half of the new jobs created during that period cropped up in just 73 counties. … By: Andrew Soergel, US News &…

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