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.
Read the full Atlantic Magazine article here.