More than half of Fortune 500 firms were founded in recessions or bear markets. Well-known companies like Burger King, Hyatt, and Microsoft were either launched or conceived during a recession. Is there something special about economic hardship that spurs entrepreneurship?
Fairlie, Robert W. "Kauffman Index of Entrepreneurial Activity." Kansas City, Mo.: Ewing Marion Kauffman Foundation, April 2009.
Stangler, Dane. "The Economic Future Just Happened." Kansas City, Mo.: Ewing Marion Kauffman Foundation, June 9, 2009.
The Small Business Economy: A Report to the President. Washington, D.C: Small Business Administration, 2009.
Order single copies or subscribe to Region Focus and other publications from the Federal Reserve System.