Every economic conversation in this country should be about jobs. And where and how we invest in entrepreneurs dictates a great deal about the kinds of jobs we are going to create.
According to the Kauffman Foundation, nearly 100% of net new jobs in America over the last thirty years have been created by startup companies. But new firm creation is only recently ticking up from a thirty-year low. According to the bipartisan Economic Innovation Group, three decades ago 80% of the country’s metro areas saw more firms starting each year than closing shop. But today, that’s only true for 33% of the country’s metro areas. In the other two thirds of the country, more firms are dying than starting up.
By: David D. Haynes, Milwaukee Journal Sentinel
Read the full article here.