U.S.A. Minority Entrepreneurs Vulnerable In Global Economic Downturn

According to the “Global Entrepreneurship Monitor (GEM) 2006-2007 National Entrepreneurial Assessment for the United States of America,” conducted by
Babson College and Baruch College, while U.S. entrepreneurship was 50% higher than the average of all other high-income (GEM) countries and equals the rate in low-and middle-income (GEM) countries, there was a large decline in entrepreneurial activity from 12.4% in 2005 to just 9.6% in 2007.

GEM found that minorities exhibit higher rates of entrepreneurship than whites and exhibit the same demographic and motivation patterns as white entrepreneurs in terms of types of businesses, growth expectation, education, and gender.

One of many key U.S. findings:

• Gender differences remain high for both early-stage entrepreneurs and established business entrepreneurs with entrepreneurship rates for males 50% higher than that of females in the U.S.

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