Who Are Today’s New U.S. Entrepreneurs?

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.

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About Lynne Strang

I'm a writer who blogs about 40-and-older business owners. I am also the author of "Late-Blooming Entrepreneurs: Eight Principles for Starting a Business After Age 40." Outside of work, I enjoy reading, cooking, vegetable gardening and exercise (especially cycling).
This entry was posted in Business, Career Changes, Careers, entrepreneurs, Entrepreneurship and tagged , . Bookmark the permalink.

4 Responses to Who Are Today’s New U.S. Entrepreneurs?

  1. bwsummers says:

    Thanks Lynn, the statistics are very interesting…

  2. Judy Haar says:

    Each year the ‘senior’s’ will continue to grow so it is not surprising that the percentage went up from 14% to 23%. The baby boomers will be adding to the entrepreneur ranks more and more each year.

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