Entrepreneurs are extremely important to growth in technology, business, jobs, and the economy. Unfortunately, the Great Recession had a negative effect on entrepreneurial activities as indicated by the Kauffman Index of Growth Entrepreneurship data. Shortly after 2008 is when that index began to decline. The good news is that it bottomed out in 2013 and since then it has been on a strong upswing.
No one can argue that the Great Recession had a negative impact on our national economy on multiple levels. This is why I am so glad to see that the entrepreneurs are getting back into the game with increasing intensity. It is the entrepreneurs that assume the risk, forge ahead with new visions and ideas, and ultimately create opportunities that enrich many other segments of the marketplace and our society. Simultaneously, financial institutions and angel investors see the opportunities and feel empowered to loosen their purse strings.
As they have done so many times in the past, we are trusting that our entrepreneurs will continue to take the lead in shaping a better future for us all.