Kauffman Foundation News (12/8/10): Kauffman study estimates how many new billion dollar firms could raise GDP

New Kauffman Study Finds that as Few as 30 New Billion Dollar Firms Could Significantly Accelerate GDP Growth
How many new billion dollar firms would it take to permanently increase the U.S. GDP by one percentage point? A new Kauffman Foundation study estimates the answer is most likely between 30 and 60. According to Inventive Billion Dollar Firms: A Faster Way to Grow?, the collective impact from high-growth firms that are able to realize $1 billion in revenue could significantly accelerate the U.S. economic recovery, and over time increase income and wealth of the average American household.

Read more about the paper’s findings and recommendations for how to nurture new potential breakthrough companies in markets, including medical devices and Web-based businesses. Read more…>> http://www.kauffman.org/newsroom/new-kauffman-study-finds-as-few-as-30-new-billion-dollar-firms-can-significantly-accelerate-gdp-growth.aspx?utm_source=Alerts&utm_medium=Opticast&utm_campaign=Billion_GDP_growth