National and State Reports

Reports

Research and findings on national and state trends in business creation, growth, and entrepreneurial impact.

Early-Stage Entrepreneurship

Our most recent national and state reports and the methodology behind the indicator series.

National Report

National Report on Early-Stage Entrepreneurship in the United States (2025)

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.

State Report

State Report on Early-Stage Entrepreneurship (2025)

State Report

The four early-stage entrepreneurship indicators and the summary index are reported at the state level. The first two indicators reflect early entrepreneurial activity among the population, and the next two capture first-year business trends.

Methodology Paper

Early-Stage Entrepreneurship: Key Indicators, Summary Index, and Methodology

Methodology

These indicators provide simple, interpretable, and comparable insight to technical and non-technical user audiences.

Browse Archived Early-Stage Entrepreneurship Reports

Past national and state reports in the Early-Stage Entrepreneurship series.

Archived Reports

National and state reports across two Kauffman Indicators series: Entrepreneurial Jobs Indicators and New Employer Businesses (discontinued report series).