Dynamism in the economy comes from new businesses, but the bad news is new business creation has dropped over the past five years.
However, Americans can take comfort in the fact that “50 percent of our largest companies today were founded in either a bear market or in a recession,” said Robert Litan, a senior fellow with The Brookings Institution, a nonprofit think tank in Washington, D.C.
Litan believes it is possible for the United States to get its “mojo” back, especially if decision makers at the state and federal level will create policy friendly to startup businesses.
Economic leaders in Mississippi are recognizing…
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info