A new approach tracks entrepreneurial activity across two decades, geographies, and demographic groups, focused on the crucial first year of business.
The Kauffman Foundation has introduced the new Kauffman Indicators of Early-Stage Entrepreneurship, which offers in-depth measures, reports, and interactive data on entrepreneurial activity across the United States.
The data set released allows those looking for actionable data to track changes in entrepreneurial activity during the last two decades from 1996-2017 across geographies and various demographic groups. The four indicators include:
- Rate of new entrepreneurs: The broadest measure possible for business creation by population.
- Opportunity share of new entrepreneurs: The percentage of new entrepreneurs who created a business out of choice instead of necessity.
- Startup early job creation: The number of jobs created in the first year of business.
- Startup early survival rate: The rate of survival in the first year of business.