Entrepreneurial activity drops in 2013


Author: Nancy Dahlberg
Publisher: Miami Herald
Date: April 9, 2014

As the nation’s employment rate continued to improve, America’s overall business creation rate fell in 2013 for a second consecutive year, according to the annual Kauffman Index of Entrepreneurial Activity released Wednesday. Entrepreneurial activity in the Miami/Fort Lauderdale metropolitan area also fell, although the region ranked No. 3 among the 15 largest metropolitan statistical areas in the country.

Nationally, the rate declined slightly from 0.30 percent of American adults per month starting businesses in 2012 to 0.28 percent in 2013. That translates into approximately 476,000 new business owners per month in 2013 compared with 514,000 the year before. Florida’s rate was 0.34 percent, ranking 8th in the country.

In the Miami area, the 2013 rate was 0.43 percent, behind the SanFrancisco/Oakland and Los Angeles areas. The rate was down from 0.56 percent in 2012, when the area ranked No. 1. The Miami area has typically ranked in the top five in this study. Read more here.