Economic Development Futures Journal

Sunday, August 01, 2004

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Kauffman Foundation: The Entrepreneur Next Door

This is a study done two years ago, but it has some useful insight if you're trying to understand entrepreneurial processes in communities and within population groups.

Couple major findings:

- Approximately 10.1 million adults in the U.S. are attempting to create a new business at any given time. With nearly one half of all new ventures started by teams of people, this represents about 5.6 million potential new businesses.

- Blacks are 50 percent more likely to engage in start-up activities than whites. Hispanic men are slightly more likely than white men to be involved with start-up.

- Education significantly predicts nascent entrepreneurship, particularly for blacks and Hispanics. Approximately 26 of every 100 black men and 20 of every 100 Hispanic men with graduate education experience report efforts to start a new business. This compares to 10 of every 100 white men with graduate education experience.

More here.

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