Fast-Growing Young Companies Account for 10 Percent of New Jobs Each Year

May 20, 2010  |  

(Read Write Web) — Much of the talk about rekindling the economy involves ways to stimulate job growth. A recent study by the Ewing Marion Kauffman Foundation points to new companies in particular as being the key creators of new jobs. The study, authored by Dane Stangler, senior analyst with the Kauffman Foundation, was tabulated using U.S. Census Bureau data and the Business Dynamics Statistics (BDS) database. The report focused specifically on what it calls “gazelle” firms, those high-growth firms experiencing the most rapid expansion. It found that these companies account for a disproportionate share of job creation in any given year.

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