US Entrepreneurial Activity gets it’s mojo back

According to the latest Global Entrepreneurship Monitor US Report issued by Babson College, 12.3% of US adults are engaged in entrepreneurial activity – an increase of over 60% from 2010 and matching pre-recession 2005 numbers.  40% of those entrepreneurs expected to create 5 or more jobs in the next 5 years, which is good news for the economy.

“We saw an unprecedented jump in entrepreneurial activity in 2011,” commented the GEM Report’s lead author, Donna J. Kelley, Associate Professor of Entrepreneurship at Babson College. “Most of these entrepreneurs were in the process of just getting started, which means a lot of people took the leap into entrepreneurship during 2011. In addition, compared with 2010, more people reported that they were intending to start businesses in the next three years, showing a more positive future outlook for entrepreneurship in the United States after two years of declining indicators.”