Briefing
Why Are Startups Important for the Economy?
Yeh, Chen (2023-02)
Startups come in all shapes and sizes. While small in number, a small group of successful startups is important for understanding aggregate outcomes such as employment and productivity. In this article, we look at some distinguishing characteristics of startups and what makes them important for the aggregate economy. Furthermore, we dig into the cause behind the long-run decline in U.S. entrepreneurism and whether the recent pandemic broke these trends. While the recent surge in business applications seems encouraging at first, there are signs that it reflects a restructuring of the economy ...
Richmond Fed Economic Brief , Volume 23 , Issue 06

Journal Article
When a South Carolina City Tried to Become Motor City
Romero, Jessica Sackett (2018-10)
Economic History: When a South Carolina City Tried to Become Motor City: The Fifth District's automotive entrepreneurs eventually lost out to the forces of agglomeration
Econ Focus , Issue 4Q , Pages 24-26

Firms Start with Fewer Employees over Last 25 Years
Werner, Devin; Hong, Sungki (2020-09-08)
The average new firm that is less than a year old had 20% fewer workers in 2019 than it did in 1994.
On the Economy