Entrepreneurial activity is up 60 percent in the United States over last year, reaching its highest level since 2005, according to a new report.
About 12.3 percent of U.S. adults — around 29 million — are involved in entrepreneurial activity, the 2011 Global Entrepreneurship Monitor issued by Babson College and Baruch College reported.
This rise marks the the first uptick in Americans starting or running new businesses since 2008. The rate had been steadily falling for the past three years, reaching its lowest point in 2010 at 7.8 percent. The report surveyed more than 5,800 adults between the ages of 18 and 99.
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