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Issue Position: Economic Growth and Small Business Development

Issue Position

Location: Unknown

Two of the bright spots in our economic future are the DUSEL in Lead as well as entrepreneurial ventures/small businesses in our region. Entrepreneurs need capital to start, sustain, and grow their businesses as well as a trained workforce.

As stated in "Revitalizing the American Dream" in Inc. (7/6/2010), "Young companies -- those younger than six years old -- provide the bulk of new jobs; in 2007, they accounted for 64 percent of them, according to a 2009 survey by the Kauffman Foundation that looked at start-up formation since the 1970s. John Haltiwanger, an economist at the University of Maryland, came to a similar conclusion in a more recent study: His research found that start-ups account for only 3 percent of total U.S. employment but almost 20 percent of gross job creation."

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