Some Good News

September 27, 2005

With the news dominated by the aftermath of hurricanes Rita and Katrina along with soaring energy prices, there was some good news reported recently regarding entrepreneurship.

Entrepreneurship has remained relatively unchanged in recent years in the U.S. and is reportedly highest among Latinos and immigrants, according to a study published recently and sponsored by the Ewing Marion Kauffman Foundation.

It revealed that the number of small businesses nationwide increased by 550,000 each month between 1996 and 2004. Another finding was that Latinos have a higher rate of entrepreneurship when compared with white, non-Latinos.

In addition, the average rate of entrepreneurship was greater for immigrants compared with native U.S. residents. About 0.46 percent of immigrants were classified as entrepreneurs. The rate of native-born Americans who went into business for themselves was 0.35 percent.

By Glenn J. Kalinoski, Executive Editor, Customer Inter@ction Solutions