New Business ventures are always important for getting an economy out of deep recessions. Unfortunately, the development of enterprise has now been lagging behind this experience.
According to the Bureau of Labor Statistics, in their first 90 days, new businesses produced about 14% of hiring between 1993 and 2008
Small business formation today is in a major funk. Furthermore, Business is afraid to hire because of the increasingly oppressive tax picture. Add to this the constant barrage of threats from Washington of health insurance added cost, and higher federal and state regulations.
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