Its in the Culture

While government policies do play a roll in entrepreneurial activity, there is increasing evidence that culture plays a significant part in spurring entrepreneurial economic activity.

A newly released working paper from the Office of Advocacy of the U.S. Small Business Administration finds that American rural economies are as dynamic as their suburban and urban counterparts.

"America has an entrepreneurial culture and entrepreneurs are found in every setting. The lesson learned here is that rural America's resilience should not be underestimated," said Larry Plummer, assistant professor at Clemson University and co-author of the paper.

The authors' central finding is that the differences in the rate of establishment births and closures between rural, suburban, and urban areas, while statistically significant, is in fact quite small. That is, general business dynamics are not a function of geographic area.

So let's get government out of the way and let the American entrepreneurial spirit take wings.