BUSINESS
11/28/2009 05:12 am ET Updated May 25, 2011

Start-Ups: Business Creating Takes Sharp Drop During Recession

New companies will be crucial to the strength of any economic recovery. Businesses in their first 90 days of life accounted for 14% of hiring in the U.S. between 1993 and 2008, according to the Bureau of Labor Statistics.

But this recession is taking a particularly heavy toll on business creation, as sources of small-business funding dry up and would-be entrepreneurs become more risk-averse

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