WELLESLEY, Mass., Sept. 2, 2020 /PRNewswire/ — In the United States, total entrepreneurial activity (TEA) increased to 17.4% in 2019, a 10% increase over 2018 and the highest level reported in the Global Entrepreneurship Monitor’s 21-year history. Additionally, established business activity in 2019 was up by more than one-third of the prior year’s level to 10.6%, also the highest level ever reported in the United States by GEM. These are among the findings of the 2019/2020 U.S. Global Entrepreneurship Monitor Report, produced by Babson College and released today.” data-reactid=”13″>WELLESLEY, Mass., Sept. 2, 2020 /PRNewswire/ — In the United States, total entrepreneurial activity (TEA) increased to 17.4% in 2019, a 10% increase over 2018 and the highest level reported in the Global Entrepreneurship Monitor’s 21-year history. Additionally, established business activity in 2019 was up by more than one-third of the prior year’s level to 10.6%, also the highest level ever reported in the United States by GEM. These are among the findings of the 2019/2020 U.S. Global Entrepreneurship Monitor Report, produced by Babson College and released today.
Babson College (PRNewsfoto/Babson College)
the United States, and the COVID-19 pandemic has placed immense pressure and hardship on our nation’s entrepreneurs and business owners,” said GEM U.S. Team Leader and Babson College Entrepreneurship Professor Donna Kelley. “This report offers a lens into what entrepreneurship looked like in 2019, a time when entrepreneurship was thriving, exhibiting its highest level in over two decades. Moving forward, this research will help us understand the evolving nature and cycles of entrepreneurship in the United States over time. Moreover, the report showcases how at its peak, and when well-supported, entrepreneurship is this country’s most powerful tool for economic advancement and post-pandemic revival.”” data-reactid=”30″>”Entrepreneurship is a critical contributor to economic growth and stability in the United States, and the COVID-19 pandemic has placed immense pressure and hardship on our nation’s entrepreneurs and business owners,” said GEM U.S. Team Leader and Babson College Entrepreneurship Professor Donna Kelley. “This report offers a lens into what entrepreneurship looked like in 2019, a time when entrepreneurship was thriving, exhibiting its highest level in over two decades. Moving forward, this research will help us understand the evolving nature and cycles of entrepreneurship in the United States over time. Moreover, the report showcases how at its peak, and when well-supported, entrepreneurship is this country’s most powerful tool for economic advancement and post-pandemic revival.”
Stephen Spinelli Jr., PhD, President of Babson College. “Today, as our nation and the world continue to grapple with the ongoing impacts and uncertainty of COVID-19, entrepreneurship – and the solutions-oriented, opportunity-focused mindset of entrepreneurs – provides a path toward economic healing and value creation.” ” data-reactid=”31″>”GEM is a valued and insightful resource supporting public policy, capital formation, and venture creation globally,” said Stephen Spinelli Jr., PhD, President of Babson College. “Today, as our nation and the world continue to grapple with the ongoing impacts and uncertainty of COVID-19, entrepreneurship – and the solutions-oriented, opportunity-focused mindset of entrepreneurs – provides a path toward economic healing and value creation.”
Personal Protective Equipment, turned a Navy ship into a hospital on the shores of New York City, and are leading the race for a COVID-19 vaccine. Leading up to the pandemic in 2019, entrepreneurial intentions in the U.S. had increased more than 10% since 2018, signaling a strong base for entrepreneurship that helped so many to innovate and advance necessary ideas in response to COVID-19. ” data-reactid=”32″>In light of COVID-19, entrepreneurial leaders from both startup organizations and large corporations have refocused their efforts on mass production of Personal Protective Equipment, turned a Navy ship into a hospital on the shores of New York City, and are leading the race for a COVID-19 vaccine. Leading up to the pandemic in 2019, entrepreneurial intentions in the U.S. had increased more than 10% since 2018, signaling a strong base for entrepreneurship that helped so many to innovate and advance necessary ideas in response to COVID-19.
Babson College
Babson College is the educator, convener, and thought leader of Entrepreneurship of All Kinds(r). The top-ranked college for entrepreneurship education, Babson is a dynamic living and learning laboratory where students, faculty, and staff work together to address the real-world problems of business and society. We prepare the entrepreneurial leaders our world needs most: those with strong functional knowledge and the skills and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in a common purpose to make a difference in the world, and have an impact on organizations of all sizes and types. As we have for nearly a half-century, Babson continues to advance Entrepreneurial Thought & Action(r) as the most positive force on the planet for generating sustainable economic and social value.” data-reactid=”49″>About Babson College
Babson College is the educator, convener, and thought leader of Entrepreneurship of All Kinds(r). The top-ranked college for entrepreneurship education, Babson is a dynamic living and learning laboratory where students, faculty, and staff work together to address the real-world problems of business and society. We prepare the entrepreneurial leaders our world needs most: those with strong functional knowledge and the skills and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in a common purpose to make a difference in the world, and have an impact on organizations of all sizes and types. As we have for nearly a half-century, Babson continues to advance Entrepreneurial Thought & Action(r) as the most positive force on the planet for generating sustainable economic and social value.
In numbers, GEM is:
- 20+ years of data
- 150,000+ interviews a year
- 100+ economies
- 500+ specialists in entrepreneurship research
- 300+ academic and research institutions
- 200+ funding institutions
Babson College (USA) and London Business School (UK). The consortium has become the richest resource of information on entrepreneurship, publishing a range of global, national and ‘special topic’ reports on an annual basis.” data-reactid=”63″>GEM began in 1999 as a joint project between Babson College (USA) and London Business School (UK). The consortium has become the richest resource of information on entrepreneurship, publishing a range of global, national and ‘special topic’ reports on an annual basis.
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Babson College” data-reactid=”76″>SOURCE Global Entrepreneurship Monitor; Babson College
