Economic downturn is a great time for startups to begin and flourish

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Published: November 27,2011

Tags: economic downturn, new business creation

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…

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