Rates of Entrepreneurship in the U.S. have fallen near a 40-year low.
Senator Tim Scott (R-SC)
"Fewer and fewer businesses are launched every year."
Senator Amy Klobuchar
"The rate of new business formation continues to decrease."
Congressman French Hill
Reforming the Small Business Administration
The U.S. is at a 40-year low in small business startups. Economists tell us that all net-new jobs in the nation are created by businesses less than five years old and that have four or fewer employees. Clearly, our nation’s economy is being held back because of this new business startups crisis.