PJ Media: High Stock Market but ‘Imbalanced’ 40-Year Low of Business Creation

By at 20 July, 2017, 8:54 am


A July 20, 2017 PJ Media article reported on a U.S. House Small Business Committee hearing where the decline in entrepreneurship was explored and discussed.  Karen Kerrigan, president & CEO of the Small Business & Entrepreneurship Council, testified at the July 19 hearing and was quoted extensively in the piece.

As reported on by PJ Media:

A House panel on Wednesday discussed troubling trends in entrepreneurial investment, in which business creation is at a more than 40-year low, the number of young small-business owners is at a 24-year low and economic innovation has largely been reserved to five major cities.

“We know this (economic) recovery has been imbalanced,” Karen Kerrigan, president and CEO of the Virginia-based Small Business & Entrepreneurship Council, told the House Small Business Committee. “There are those who have been left behind. There are those who think we are still in a recession, and we know this difficult period has left scars on many.”

Read the full piece here on the trends and stats Kerrigan shared as well as solutions discussed.


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