Entrepreneurship in the United States The Future Is Now

Entrepreneurship is among the most vibrant and important parts of the economy. This important book enhances understanding of entrepreneurial dynamics, providing the first analysis of changes in US entrepreneurial activity. Based on the unprecedented Panel Study of Entrepreneurial Dynamics, it examines adult participation in new firm creation and differences in regional firm creation activity.  Shedding light on the importance of new firms for job growth, productivity enhancements, innovation, and routes for social mobility, the author tracks the success or failure of entrepreneurs, including comparisons of different groups, such as women and minorities, along with different countries.  All sectors of the population are making significant contributions. Significant implications for practitioners, educators and policy makers are discussed.

Paul D. Reynolds is Professor in the Department of Management and International Business at Florida International University. He is the recipient of the 2004 International Award for Entrepreneurship and Small Business Research provided by Swedish Foundation for Small Business Research and the Swedish Business Development Agency (the "Swedish Prize"). Dr. Reynolds was part of the team that created the Entrepreneurial Research Consortium (ERC) and has served as the Coordinating Principal Investigator through the life of the initial Panel Study of EntrepreneurialDynamics (PSED I) project, 1995-2003. He is Co-Principal Investigator of the replication of this project, PSED II, to take place from 2004 to 2009. He served as the Coordinating Principal Investigator of the Global Entrepreneurship Monitor [GEM] program since its inception in 1998 until 2004, serving as the principal author of five consecutive global assessments. Dr. Reynolds has taught at London Business School, University of Pennsylvania, and INSEAD, and held endowed chairs in Entrepreneurship at both Marquette University and Babson College.