Political Quotes

“American entrepreneurship and innovation is the backbone of the American economy. American entrepreneurs provide new job opportunities for millions, bring new technologies to the marketplace, and drive forward our shared American Dream. Small businesses account for half of our gross domestic product, more than half our jobs, and three-fourths of new jobs created each year. Contrary to popular belief, not all of America's entrepreneurs are young tech-focused individuals starting companies in their garages. In fact, millions of older Americans represent a powerful and growing share of American entrepreneurs. Today, the average age of successful entrepreneurs in America is 45, and in 2018, 3 in 10 entrepreneurs were over the age of 50, an increase of 50 percent since 2007. Today, entrepreneurs ages 55 and over represent 55 percent of all small business employers. Not only do seniors represent the majority of small business employers, but their life experiences help drive their businesses to the top 0.1 percent of the highest growth startups in the country based on growth in the first 5 years of operation. In my conversations with older entrepreneurs in South Carolina. I have learned how they combine their years of experience, networks. and dreams to start countless successful small businesses. I have also learned that older entrepreneurs often face unique challenges in today's economy. Those challenges include the need for enhanced digital and technical skills.…”