SOURCE: Ewing Marion Kauffman Foundation

Ewing Marion Kauffman Foundation

November 06, 2009 12:53 ET

The Time Is Now to Support Entrepreneurs

Statement From Carl Schramm, CEO of the Kauffman Foundation

KANSAS CITY, MO--(Marketwire - November 6, 2009) - Today's employment update from the Bureau of Labor Statistics presents a dismal picture for American workers, business and any prospect of economic recovery. The majority of net new jobs created in this country since the 1980s have come from firms between 1-5 years old, and a recent report by the Kauffman Foundation found that two thirds of jobs created in 2007 were from these young firms.

Now is the time to help these firms grow and prosper. We cannot continue to rely on Wall Street and fiscal stimulus to get our economy back on track. Given the right environment young firms will grow and add desperately needed jobs to the American economy.

Kauffman Foundation

The Ewing Marion Kauffman Foundation is a private nonpartisan foundation that works to harness the power of entrepreneurship and innovation to grow economies and improve human welfare. Through its research and other initiatives, the Kauffman Foundation aims to open young people's eyes to the possibility of entrepreneurship, promote entrepreneurship education, raise awareness of entrepreneurship-friendly policies, and find alternative pathways for the commercialization of new knowledge and technologies. It also works to prepare students to be innovators, entrepreneurs and skilled workers in the 21st century economy through initiatives designed to improve learning in math, engineering, science and technology. Founded by late entrepreneur and philanthropist Ewing Marion Kauffman, the Foundation is based in Kansas City, Mo. and has approximately $2 billion in assets. For more information, visit www.kauffman.org, and follow @kauffmanfdn on Twitter.

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