May 20, 2010; Source: U.S. News & World Report | This story discusses the tendency of people in this country to start businesses even during and maybe especially during the depths of a recession. What we find interesting about this article, which is based on a Kauffman Foundation study that found that entrepreneurial activity is at its highest rate in 14 years, is that it is not at all alarmed about the fact that people during a time of scarcity start up small businesses with a 50% chance of going under even in the best of times but we’ve noted that there is a different attitude about the continuation of nonprofit start ups during this same period. In our opinion, again, small locally controlled organizations rock! Let’s all make sure they are supported so we remain the richly entrepreneurial country that we are with the full diversity of local character. The facts are that 65% of the people in this country are employed by small businesses and most of the nonprofits in this country are small (though those numbers will soon be reduced). In any case, we thought this was an interesting study and pass it along to you.—Ruth McCambridge
Sign up for our free newsletters
Subscribe to NPQ's newsletters to have our top stories delivered directly to your inbox.