Millions Are Entrepreneurs in the United States

December 17, 2019

A great majority of the more than 31 million entrepreneurs in the United States are motivated by opportunity, according to research by the Babson College team of the Global Entrepreneurship Monitor (GEM).

According to the 2018/2019 United States GEM Report, entrepreneurship represents a viable career path for many even though the low U.S. unemployment rate shows that there are enough job options for Americans. Nearly 16% of the United States adult population are entrepreneurs.

“Entrepreneurship can fill employment gaps in the economy and enable people to pursue the career they desire. Thus it is imperative that we equip people with the ability to pursue entrepreneurial opportunities and start businesses when they need or choose to do so,” said GEM U.S. team leader and Babson College Associate Professor Julian Lange.

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