slow up in start up- WSJ

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The Census Bureau on Wednesday said that 403,765 new firms were started in the 12 months ended March 2009, down 17.3% from a year earlier and the fewest on records that begin in 1977.


. Firms less than a year old employed 2.3 million people in March 2009 whereas as a year earlier start-ups employed 3 million people.

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number one reason  fewer companies got started in the most recent recession ....
 the availability of financing dried up.