US start-ups at 14-year peak

A study by a prominent research nonprofit said U.S. startup activity hit a 14-year peak in 2009.

The recent global economic crisis appears to have had little effect on entrepreneurial spirit in the US. In 2009 new business creation hit a 14-year peak according to The Kauffman Index of Entrepreneurial Activity, a leading indicator of U.S. new-business creation. The study found that new business creation has steadily increased since 2007. In 2009, 340 out of 100,000 adults started a business each month this was 4 percent up from the 2008 rate.