How many new billion dollar firms would it take to permanently increase the US GDP by 1%?
Dec 10th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
How many new billion dollar firms would it take to permanently increase the US GDP (gross domestic product) by 1%? According to the Kauffman Foundation, the answer is most likely between 30 and 60. Collectively, the impact from high-growth firms that are able to realize $1bn in revenue could significantly accelerate the US economic recovery, and over time greatly increase income and wealth of the average American household.