Top 7 Internet Businesses to Start in 2012.
The U.S. needs more startups to stay competitive, a Federal Reserve official said Thursday. Dennis Lockhart, the president of the Federal Reserve Bank of Atlanta, spoke at the Conference on Small Business and Entrepreneurship in Washington and had this to say, “If we want to grow jobs, one place we should look is to startups and young businesses, especially scalable-growth businesses that often set out to commercialize innovation,” He noted that research shows that with regard to job creation, its new businesses that make the most difference in creating jobs. He cited a 2010 Kauffman Foundation study showing that just one percent of employer businesses–those growing the fastest–generate roughly 40 percent of new jobs in a given year. Three-quarters of those businesses are less than five years old. Finally a government official saying something I agree with! The key to our economic recovery lies in the hands of entrepreneurs. Not big companies! But if you w