New businesses are like saplings that sprout amid towering oaks, take root and compete with the older trees. But when an entire generation of young trees fails to take root, the forest begins to die. That’s basically what is happening in large swaths of the U.S. economy, according to an intriguing new study.
Fewer people got businesses off the ground after the Great Recession than during any other recent economic recovery, according to the Economic Innovation Group, a bipartisan think tank in Washington, D.C. Those who did manage to get a company going tended to be concentrated in an ever smaller number of more populous counties.
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By: David D. Haynes, Milwaukee Journal Sentinel
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