The Recession Will End… When Small Businesses Steady Themsel

by SixFigureStart | November 10, 2009

  • My Vault
Says who: Mark Zandi of Moody’s

“Small business tends to lead the way out, and that’s just not happening here.” (via USA Today)

Why it might be false: It might be false because we might be due for a slight redefinition of “small business.” In recessions and other periods of some job loss, more businesses tend to be created. Entrepreneurs are energized, and others are just looking for a way to generate some income. In New York, laid off Wall Street executives have been launching companies in part through a Bloomberg-backed incubator funded with $45 million. In the state of Colorado, the number of new business registrations has increased over last year. [Read more]

--Posted by Laura Rich,

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