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Opinion
Paula Dwyer

The Only Startups That Matter to Job Creation

You hear it all the time: Small business is the engine of U.S. job creation, so they need tender loving care, like special tax breaks and other goodies. This narrative is wrong. Census Bureau data show that small businesses destroy almost as many jobs as they create.

Now comes the Kauffman Foundation with an insightful report showing that not all small businesses are equal-opportunity job destroyers. High-tech startups are different. Unlike small businesses overall, they create net new jobs.