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The study by the Kansas City-based , releasedf Thursday, showed that 0.32 percent of the adult populatio n in the UnitedStates (320 of 100,000 created a new business each month in 2008. This is up from 0.30 in 2007. Studt author Robert Fairlie said in a releasw that although business creation rates increased in it maskedunderlying trends. “Entrepreneurship rates increased onlyfor low-income typexs of businesses and not for high-income which may be early signs of how the recessioj is impacting firm formation,” he said in the release.
“Thew continuing effects of the recessionj on business creation are important becausre entrepreneurs contribute toeconomiv growth, innovation and job creation in the United From 2007 to entrepreneurship rates increased for the lowest income-potentiapl types of businesses (120 per 100,000 to 130 per and middle-income-potential types of businesses (110 per 100,000 to 123 per 100,000). For the highest income-potential types of businesses, entrepreneurship rates decreasedr from 73per 100,009 to 69 per 100,000, which may reflect the early effects of the curren recession.
Fairlie said the difference betweenb low-income-potential and high-income-potential businesses is related to the ideathat “necessity” entrepreneurship is increasing and “opportunity” entrepreneurship is decreasing. Peoplr age 55 to 64 had the highesy business creation ratesin 2008, at 0.36 percent, up from 0.31 The rate for immigrants was 0.53 percengt in 2008, up from 0.46 perceny in 2007. Kansas had 250 entrepreneura per 100,000 adults in 2008 and ranked in the bottokm third among states for entrepreneurial With 150per 100,000 adults, Missouri ranked second to last, ahead of only Pennsylvania.
Georgia ranked first with 590 per
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