Report: U.S. Entrepreneurship Bounces Back From Recession; Youth Entrepreneurship Sizzles

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Report: U.S. Entrepreneurship Bounces Back From Recession; Youth Entrepreneurship Sizzles

Mark Zuckerberg and Elizabeth Holmes could be facing some competition in the near future, as more Americans dive into entrepreneurship. About 14% of the U.S. population was involved in starting or running businesses in 2014, up from a post-recession low of 7.6 in 2010, according to a sweeping new study scheduled for release today.

Millennials are a key driver of the trend, with 18% of 25 to 34 year-olds in the U.S. starting or running new businesses in 2014, up from 15% in 2013, according to the Global Entrepreneurship Monitor (GEM), a study of more than 200,000 individuals in 73 countries.

The study, scheduled for release today at the annual GEM meeting in Monterrey, Mexico, is sponsored by Babson College and partners around the globe including Universidad del Desarrollo in Chile; Tun Abdul Razak in Malaysia, Tecnologico de Monterrey in Mexico; and London Business School, which founded the report with Babson.


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