Friday, May 28, 2010

Entrepreneurs=successful economy

    It is difficult to overstate the importance of entrepreneurs to the success of the U.S. economy, says a new report from TD Economics. “While economists spend a lot of time analyzing near-term trends and developments in aggregate data, economic growth over the longer-term is driven primarily by individuals taking risks and making sacrifices in order to bring innovative ideas to market,” writes TD economist James Marple in “Small and Medium Sized Businesses Key to U.S. Economic Recovery.”
   And here's a mind-boggling number! Marple points out that small and medium-sized businesses, typically firms with fewer than 500 employees, make up 99.7 percent of all U.S. companies and more than half of total employment in the country.
   Bazinga!

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