Alabama’s Innovation and Entrepreneurship
May 10, 2013
Recently the US Chamber of Commerce released a study ranking Alabama 30th in the nation for it’s innovation and entrepreneurship.
Small business is a driving force of the economy, accounting historically for about 64% of net new jobs. New and young businesses have generated 40 million jobs in the past two decades, which is about 20% of total job creation. According to the Kaufman Foundation, 76% of high-growth firms are young businesses, and these gazelles generate 88 new jobs a year compared with an average 2 to 3 jobs among all businesses.
This entry was posted in News and tagged commercial kitchen in alabama, economic development in alabama, florence alabama, leased space in north alabama, office space in florence alabama, shoals area, small business, start a business in alabama. Bookmark the permalink.