National and State Reports Across Three Indicator Series Reports View research and findings that reveal national and state trends in business creation, growth, and entrepreneurial impact. Latest Early-Stage Entrepreneurship Research Explore our most recent national report and the methodology behind the indicator. Latest National Report 2025 National Report on Early-Stage Entrepreneurship in the United States National Report The rate of new entrepreneurs increased in 2025 and remained higher than pre-pandemic levels. The opportunity share of new entrepreneurs increased in 2025 from its low in 2020, but remained lower than the 2019 pre-pandemic level. View Report Latest Methodology Paper Early-Stage Entrepreneurship: Key Indicators, Summary Index, and Methodology Methodology Entrepreneurship is a process and a series of dynamic steps, rather than a binary or static outcome. To provide more granular insights into the early stages of entrepreneurship, we elaborate on four indicators and a summary index capturing different dimensions of entrepreneurial activity within the population and within new businesses. The purpose of these indicators is to provide simple, interpretable, and comparable insight to technical and non-technical user audiences. View Methodology Paper Browse Archived Early-Stage Entrepreneurship Reports Review national and state reports in the Early-Stage Entrepreneurship indicator series. 2021 National Report on Early-Stage Entrepreneurship in the United States National Report The rebound from the widespread economic damage of the COVID-19 pandemic showed up through a partial return to pre-pandemic levels in both new entrepreneurial activity and the opportunity share of new entrepreneurs. View Report 2021 State Report on Early-Stage Entrepreneurship in the United States State Report This report presents state trends in early-stage entrepreneurship in the United States, including all 50 states and the District of Columbia. View Report 2020 State Report on Early-Stage Entrepreneurship in the United States State Report This report presents state trends in early-stage entrepreneurship in the United States, including all 50 states and the District of Columbia. View Report 2020 National Report on Early-Stage Entrepreneurship in the United States National Report The rate of new entrepreneurs was substantially higher in 2020 than in 2019 or in previous years, reflecting more transitions into entrepreneurial activity, broadly defined, among the population during pandemic conditions. At the same time, the opportunity share of this activity plummeted to the lowest share in 25 years, indicating that many of these transitions were undertaken by people with few other options for economic engagement. View Report Browse Archived Reports Review national and state reports across two Kauffman indicator series: Entrepreneurial Jobs Indicators and New Employer Business. 2021 New Employer Business Indicators in the United States: National and State Trends National Report, State Report In this report, we discuss findings from the Kauffman New Employer Business Indicators, which examine trends in the emergence of these businesses, their representation in the population and among all firms, and the time it takes these businesses to become employers. View Report Job Creation by Firm Age: Recent Trends in the United States National Report While some new firms never hire employees and others are responsible for only modest job creation, a small share of new firms experiences extraordinarily high growth and creates a significant number of jobs. View Report 2020 New Employer Business Indicators in the United States: National and State Trends National Report, State Report The series provides users with measures to track trends surrounding the emergence of these businesses, their representation in the population and among all firms, and the time it takes these businesses to become employers. View Report