Is Romney Right About Startup Rates Dropping? (Opinion)Republican presidential candidate and former Mass. Gov. Mitt Romney set fact-checkers scrambling during this week's debate when he stated that new business startups were at 30-year lows.
ByScott Shane•
Opinions expressed by Entrepreneur contributors are their own.
In Wednesday'spresidential debate, former Mass. Gov.Mitt Romneycommented on the weak state of entrepreneurship in the U.S. Specifically, he said, "Over the last four years small-business people have decided that America may not be the place to open a new business, because new businessstartupsare down to a 30-year low."
Thursday morning my inbox was full and I had several phone messages from reporters checking the accuracy of this fact. That's because I was one of the sources used to check similar statements bySpeaker of the House John Boehner(R., Ohio) back in March andRepublican Gov. Bob McDonnell of Virginiain August.
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The truth of the matter is this: The latest available data from several sources show that Gov. Romney is correct.
- In 2010 the per capita number of new firms was at its lowest level since the data were first collected in 1977, according toU.S. Census Bureau numbers.
- Census dataalso show that in 2010 the per capita number of new establishments was at its lowest level since 1977.
- U.S. Small Business Administration datashow that in 2009 the per capita number of new-employer firms was at its lowest level since 1977.
- U.S. Bureau of Labor Statistics datashow that in August, the per capita number of unincorporated self-employed people was at its lowest level since August 1977.
- In 2010,BLS figureson the per capita number of establishments open less than one year were at their lowest since these numbers were first collected in 1994.
- 所有这些措施五个最低recent year that they are available than at the time when President Obama took office.
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While President Obama and Gov. Romney may have different theories about why rates of entrepreneurship in the U.S. have fallen to the lowest levels in 30 years, the facts are these: The federal government's most current estimates of the fraction of the American population starting new businesses, beginning new-employer businesses, creating new establishments and working for themselves are lower now than at any time since 1977.
