U.S. entrepreneurship reality begins to catch up to hype

Entrepreneurship in the U.S. turned a corner in 2016: the number of businesses surviving at least five years hit a 20-year peak. The Kauffman Foundation data suggests a healthier small-business economy could power job growth.

In the U.S., small businesses have created seven out of 10 new jobs since the 1970s.

The diversity of U.S. entrepreneurs is becoming more reflective of the U.S. demographics, with 40 percent of new startups non-white owned. The current entrepreneurial landscape is 65 percent male and 80 percent white.

Kauffman and B Lab are both sponsoring “inclusion challenges” to encourage more women and minorities in business.

Kauffman’s even includes money: $7 million to $8 million in grants over the next two years.

This post is from ImpactAlpha’s daily newsletter. Get it first in The Brief.

Photo credit: TechStars

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