Pui-Wing Tam, Reporter, The Wall Street Journal

The Recession's Effect on Entrepreneurship

April 30, 2009 at 4:49 pm PT

How has the recession affected entrepreneurship? So far, it’s helped to drive it up.

That’s according to a new study from the Kauffman Foundation, a Kansas City-based organization. The study, out Thursday, found that an average of 320 out of 100,000 adults created a new business each month last year even as the recession took hold, up from 300 out of 100,000 adults in 2007.

That pattern is similar to the last downturn earlier this decade, when entrepreneurship levels also rose during the tech bust.

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Tagged with: digital, Digits, econalypse, economy, entrepreneurship, frontpage, Internet, Kauffman Foundation, Pui-Wing Tam, recession, tech bust, The Wall Street Journal

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