News summary: Entrepreneurship grows with economy

News summary: Report says entrepreneurship in US grew as economy gained strength in 2011

Associated Press

ENTREPRENEURIAL SPIRIT: A study by researchers at Babson College and Baruch College found that the number of people starting or running new businesses grew 60 percent to 29 million in 2011.

FUTURE FORTUNES: Forty percent of those entrepreneurs expected to create more than five new jobs apiece in the next five years — a trend that could help the economic recovery gain momentum.

SEEMS LIKE OLD TIMES: The jump in entrepreneurship last year matched the gain registered in 2005, two years before the start of the recession.

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