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September 10, 2006
Business Startup News! Accelerating Trend of People Starting A Business After 9/11
The number of New Yorkers starting a business in the city rose to 719,986 from 554,204 between 2000 and 2004, a jump of 30%, according to the federal Bureau of Economic Analysis. A clear signal that the entrepreneurial passion and dreams of people in that city after the terror attacks has helped it to rebuild the economy.
"It reflects the dynamic and entrepreneurial character of the New York City economy," said Mitchell Moss, professor of Urban Policy and Planning at NYU's Wagner School.
A factor in the surge in people starting a business has been put down to the dot.com collapse and mergers post 9/11 that resulted in a big pool of talented people looking for work.
Experts who predicted that the city would never bounce back did not take account of the generation of risk takers who see owing their own business an advantage over a paid 9 to 5 corporate job.
As the World reflect and remember the life changing events of 9/11 this week there are hundreds of thousands of entrepreneurs driving an increasingly dynamic post 9/11 economy.
Posted by David at September 10, 2006 10:25 AM
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