As a group, new U.S. entrepreneurs are different than they were a few years ago, show newly released data from the Ewing Marion Kauffman Foundation.
From 1996 to 2012, the share of entrepreneurs in the 55-64 age group grew from 14.3% to 23.4%. During the same time period, new Latino entrepreneurs nearly doubled from 10.5% to 19.5% . In addition, a growing immigrant population and rising entrepreneurship rate contributed to a rise in the share of new immigrant entrepreneurs.
The Kauffman Index of Entrepreneurial Activity also shows that overall startup activity in the U.S. dipped last year — from 0.32 percent of American adults per month starting businesses in 2011 to 0.30 percent in 2012.
“It’s likely not a coincidence that the number of new businesses created dropped when the economy improved last year. While a stronger economy is good for business growth, it also means the unemployed find jobs instead of starting firms,” said Dane Stangler, Kauffman’s Director of Research.
Men started companies at twice the rate as women between 1996 and 2012. However, a primary driver for last year’s overall decrease was a decline in business creation rates among men. The rates for women stayed the same last year.
Here’s a news release with more details about entrepreneurial activity in the U.S.