The Public Forum Institute

Newsroom: Entrepreneurship Facts

Fewer than two in 10 Americans give entrepreneurial companies credit for growth in the economy.
In a national poll, only 25 percent of respondents said policy makers adequately consider the effect of their decisions in promoting entrepreneurial companies.*
While fast-growth companies account for only six percent of the six million U.S. employers, they were responsible for about two-thirds of new jobs created between 1993 and 1996.
A recent survey found states appropriated less than one percent of total state funding for programs specifically devoted to entrepreneurial development.**
Three states (California, Massachusetts, and Texas) in 1998 received more than 60 percent of all venture capital investments. Six states saw no venture capital investments.
Entrepreneurs have been responsible for 67 percent of the inventions and 95 percent of the radical innovations made since World War II.
Since 1980, Fortune 500 companies have lost five million jobs, while the United States as a whole has added 34 million new jobs.
The Internet began life as ARPANET, a Defense Department computer network designed to link researchers and contractors.
Many of America’s leading firms, including Intel and Federal Express, depended on Small Business Administration funding when they were getting started.

*Source: poll based on random telephone interviews of 1,022 adults nationwide conducted by Frederick Schneiders Research, Oct. 15-19, 1999.

**Source: NCOE poll conducted by Frederick Schneiders Research/*National Association of State Development Agencies survey, 1998.

NEWSROOM

Media contact:

Mark Marich

mark@pfidc.org

202-467-2776

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