Kauffman Foundation Study Finds More than Half of Fortune 500 Companies Were Founded in Recession or Bear Market
Thom Ruhe, Director of Entrepreneurship, The Kauffman Foundation
A new study by the Ewing Marion Kauffman Foundation finds a silver lining in today's challenging economic times: Recessions can spur entrepreneurship, which leads to the creation of much-needed new jobs.
The study The Economic Future Just Happened found that more than half of the companies on the 2009 Fortune 500 list were launched during a recession or bear market, along with nearly half of the firms on the 2008 Inc. Magazine list of America's fastest-growing companies.
The report also suggests a broader economic trend, with job creation from startup companies proving to be less volatile and sensitive to downturns when compared to the overall economy.
The complete study is posted on http://www.kauffman.org/newsroom/the-economic-future-just-happened.aspx
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