U.S. Not the Startup Leader of the World

Would it surprise you to learn that the U.S. is not the most entrepreneurial country in the world? It did surprise us. We rank second to last, according to this article passed on to us by Women Business Owners of North Florida vice president Janet Herrick.

Janet writes: “This is the paragraph that caught my eye.”

New Businesses Don’t Make Up a Large Portion of Our Jobs 

The U.S. does produce proportionately more large start-ups than its peers nations, according to the OECD, and new businesses have a much better than average chance of surviving at least two years here. But they don’t appear to play a uniquely large role in job creation. According to Marion Ewing Kauffman Foundation, brand newborn companies were responsible for about 3 percent of all U.S. jobs in 2005. By 2008, it was closer to two percent. In either case, that would place us toward the middle or bottom of the OECD rankings shown below — leaving us in the range of Finland and Sweden.

OECD_Enterprise_Birthrate.PNG

Read the full Atlantic Magazine article here.

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About candacemoody

Candace’s background includes Human Resources, recruiting, training and assessment. She spent several years with a national staffing company, serving employers on both coasts. Her writing on business, career and employment issues has appeared in the Florida Times Union, the Atlanta Journal Constitution and 904 Magazine, as well as several national publications and websites. Candace is often quoted in the media on local labor market and employment issues.
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