The Economic Future Just Happened

The Economic Future Just Happened

According to a report from the Ewing Marion Kauffman Foundation, more than half the companies on the 2009 Fortune 500 list — and nearly half those on the 2008 Inc. list of the nation's fastest-growing companies — were launched during a recession or bear market. The report, The Economic Future Just Happened (21 pages, PDF), found that although recessions often create widespread economic damage, the high unemployment rates typical of downturns frequently benefit entrepreneurs by allowing them to tap into a larger pool of potential employees. As a result, job creation by startup companies was found to be less volatile and sensitive to economic downturns than in other sectors of the economy.