Dissatisfied with the Stimulus?
According to a poll released by the Kauffman Foundation, 63 percent of respondents said they would rather a stimulus that gave individuals incentives to start businesses, instead of one that seeks job creation through the government or big corporations.
The Kauffman Foundation believes that the results of the survey, which included a random national sample of 2,000 Americans, signify a strong public sentiment that new-business creation is ultimately the long-term solution for the nation's economic crisis.
When asked what would fuel the recovery, two thirds of respondents favored less expensive alternatives to the stimulus package, such as decreasing legal barriers and red tape for the development of new businesses.
"The sooner that Washington realizes that growth and job creation come from entrepreneurs and new businesses, the faster we can establish policies that maximize their survival rates," says Tim Kane, senior fellow at the Kauffman Foundation.
Despite his belief that the government could do more for entrepreneurs, Kane is pleased with the survey results because they indicate that the public is finally recognizing what he and other economists have been observing for a while: "Big business does not create a lot of jobs. It's the gazelle firms, the young companies," he says.
He's optimistic that, with or without help from the government, entrepreneurs will lead us out of the recession. "Jobs and new companies are being created all of the time, in recessions and booms," he says. "They'll just look different, and if they're going to be profitable, they may have to grow more strategically."