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United States : Small Business Activity on the Rise in Majority of U.S. States, According to New Kauffman Foundation Research.

Small business activity is on the rise in 49 of the 50 U.S. states and 38 of the top 40 largest metropolitan areas this year, according to two new reports from the Kauffman Foundation. The 2015 Kauffman Index: Main Street Entrepreneurship reports released today provide the first analysis of its kind about Main Street business activity at the state and metro levels. The reports follow the December 3 release of a report on national small business activity.

"Following a post-recession downward and stagnant trend in small business activity, we're now seeing Main Street Entrepreneurship begin to rise," said E.J. Reedy, director in Research and Policy at the Kauffman Foundation. "This obviously is good news given that these small businesses make up 63 percent of all employer firms nationally."

The new Main Street Entrepreneurship Index is an indicator of small business activity, presenting trends over the past two decades, focusing on established small businesses (firms older than five years with less than 50 employees) and trends in ownership rates. The Index measures business activity along two distinct and complementary dimensions: the rate of business owners in the economy the percentage of adults owning a business in a given month, and established small business density the ratio of established small employer businesses compared to population.

"Main Street Entrepreneurship is at the heart of the American economy," wrote Maria Contreras-Sweet, administrator of the U.S. Small Business Administration, in the report's Foreword. "This Index is an important step forward, equipping us with the information required to make wise policy decisions and ensure the continued vitality of our entrepreneurial ecosystem."

"For the first time, state and local policymakers can now see where their regions stand in terms of small business activity," said Josh Russell, senior research assistant in Research and Policy at the Kauffman Foundation. "This Index provides a baseline for metro and state leaders to gauge the number and density of small businesses and the rate of ownership over time including a first-ever look at trends by demographic groups."

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Publication:Mena Report
Date:Dec 11, 2015
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