John Haltiwanger cited on NPR's Morning Edition
Job creation happens more often in young businesses, not small businesses
John Haltiwanger, economist and MPRC Faculty Associate, was quoted in a story about small businesses and job creation on NPR's Morning Edition, October 10, 2013.
Haltiwanger told NPR that it is not accurate to say that small businesses produce the bulk of new jobs in the US. Many small businesses create few jobs because they are intended to stay small. Job creation is more likely to happen in young businesses that start small and then grow very quickly. Haltiwanger suggested that government programs that are currently focused on helping small businesses, such as the Small Business Administration loan program, would be more effective in creating new jobs if they targeted young businesses instead.