A new study examining the poverty and rates of entrepreneurship in every Metropolitan Statistical Area in the U.S. from 2005 to 2015 finds that a 10% increase in an area's entrepreneurship in traded industries reduces its poverty rate by an average of 2.2%.

Fact of the Week: A 10 Percent Increase in Entrepreneurship in Traded Industries Decreases Poverty by 2.2 Percent

Innovative U.S. firms, or those that engage in high levels of R&D to develop new products or services, in the aggregate, operate in too few markets relative to the social optimum, thus resulting in less knowledge spillover.

Fact of the Week: US Innovative Firms Operate in Too Few Markets Relative to the Social Optimum

Immigrants, whom make up about 14 to 15 percent of the U.S. population, have an outsized role in entrepreneurship, starting over 20 percent of new businesses in America.

Fact of the Week: Over 20 Percent of New Businesses in the United States Are Started by Immigrants

Thanks to ICT innovations and new management practices, service-sector firms can more easily scale by establishing multiple businesses in different locations.

Fact of the Week: Increasing the Number of Markets a Firm Enters by 10 Percent Boosts Its Share of Employment in R&D by 0.35 Percentage Points

The study found that tech transfer across firms can lead to increased entrepreneurship; technologies that are seen as unprofitable by one can be used by others to create new ideas and industries.

Fact of the Week: Firms Are More Than 3 Percent More Likely to Sell Technology to Other Firms If the Technology Hasn’t Yet Been Commercialized

Fact of the Week: Firms Are More Than 3 Percent More Likely to Sell Technology to Other Firms If the Technology Hasn't Yet Been Commercialized

Productivity rather than profitability has a higher impact on the chances of a new firm's survival, writes John Wu in Innovation Files.

Fact of the Week: Productivity Matters More Than Profitability For New Firms’ Survival and Growth in the United States

Fact of the Week: Productivity Matters More Than Profitability For New Firms' Survival and Growth in the United States

Covering 21 high-income countries with a per-capita GDP of at least $40,000, the survey shows entrepreneurship has been on the rise in the U.S. since 2015.

Fact of the Week: The U.S. Entrepreneurship Rate Reached a 24-year High of 19 percent in 2022

The average Swedish startup that survives into the sixth year of doing business creates less than one new job, writes John Wu in Innovation Files.

Fact of the Week: The Average Swedish Startup That Survives Into the Sixth Year of Doing Business Creates Less Than One New Job

One of the simplest measures of innovation is the rate at which firms change the goods or services they offer in response to market demands or to take advantage of new technologies, but this phenomenon differs drastically by industry. From 2013 to 2015, 10.4 percent of all U.S. firms introduced new or significantly improved projects—but the figure was 24.3 percent for manufacturing firms versus 9.2 percent of nonmanufacturing firms.

Fact of the Week: Opening a Starbucks in Neighborhoods With No Existing Coffee Shop Leads to an Increase in Local Entrepreneurship

Related

Fact of the Week: A 10 Percent Increase in Entrepreneurship in Traded Industries Decreases Poverty by 2.2 Percent

Fact of the Week: US Innovative Firms Operate in Too Few Markets Relative to the Social Optimum

Fact of the Week: Over 20 Percent of New Businesses in the United States Are Started by Immigrants