A recent report by the Economic Innovation Group has found that, while the years 1992 to 1996 saw a net increase in the U.S of 421,000 new businesses, and the 2002 to 2006 (despite a major recession) 405,000 new companies, the comparable interval from 2010 to 2014 saw just 166,500 new enterprises http://eig.org/recoverymap. Indeed, the years 2009, 2010 and 2011 saw a net loss of new companies year-over-year – the first time in a generation. Only this year, according to the Kaufman Foundation, has there been an uptick in new company creation.
By: Michael S. Malone, Forbes
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