Rhode Island Science and Technology Advisory Council (STAC)

Making Innovation Central to Rhode Island's Future Gina M. Raimondo, Governor

OECD Reports on How Economic Slump Effects Entrepreneurship

Published on December 3, 2009

The Organisation for Economic Co-operation and Development (OECD) released a report, Timely Entrepreneurship Indicators, as part of Global Entrepreneurship Week (Nov. 16 - 22) indicating how the economic crisis has impacted entrepreneurship in the United States and 11 other countries in 2008 and most of 2009.  The report, funded by the Kauffman Foundation, showed that firm formation declined and exits increases, thus implicating significant impacts for job creation.

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