THIS IS AN ARCHIVE OF LAKE TAHOE NEWS, WHICH WAS OPERATIONAL FROM 2009-2018. IT IS FREELY AVAILABLE FOR RESEARCH. THE WEBSITE IS NO LONGER UPDATED WITH NEW ARTICLES.

Opinion: Rural entrepreneurship in Nev. near extinct


image_pdfimage_print

By Dusty Wunderlich, Reno Gazette-Journal

This month’s low job report sent shock waves. While pundits pontificate on stalled job growth despite relatively low unemployment and the impact both might have on capital markets, they may be overlooking a much bigger issue crippling the U.S. economy.

Entrepreneurism is on the sharpest decline in the U.S. in recent history and Nevada ranks as the state with the lowest percentage of business owners per capita. As fewer businesses enter the marketplace, large corporations naturally take a greater share of the market, contributing to greater wealth and power concentration.

The percentage of business owners has steadily declined since 1996, according to the2015 Kauffman Index on Main Street Entrepreneurship. Considering small business accounts for 63 percent of U.S. employers, economists know jobs are just part of the picture.

Read the whole story

image_pdfimage_print

About author

This article was written by admin

Comments

Comments (2)
  1. Bruce Grego says - Posted: June 20, 2016

    Government regulations are overwhelming to small businesses, and while large corporations based upon their economic size and undue influence upon the regulators can still achieve their economic-development objectives, small businesses cannot. It should come to no surprise that our City remains, for the most part, within the same development footprint that existed over forty years, while certain interests in the Stateline area can proceed with new large development. When is the last time you have witnessed a physical expansion of a small restaurant or grocery store in our community? Not only does government make small business growth difficult, if not impossible, but government becomes the instrument of well funded large corporations. One wonders whether the increase in regulations itself is not designed to suppress small business development so that large corporations can eliminate economic competition. Our form of government is based upon an economically independent middle class. While the writer above discusses the economic impacts, the political implications of the continued decline of an independent middle class is great and will lead to the demise of our democratic government.

  2. Lou Pierini says - Posted: June 20, 2016

    Bruce, Well said, I couldn’t agree more.