By Richard Florida
"Entrepreneurship may be connected to a region's underlying creativity, especially in arts and media, a new study finds.
"The study, by Martin Prosperity Institute colleague Kevin Stolarick, José Lobo of Arizona State University, and Deborah Strumsky of the University of North Carolina at Charlotte, examines the possible connection between the creative class and levels of entrepreneurial business formation across metro regions..."
"The evidence indicates that one type of creativity is indeed associated with another, namely, the formation of new businesses. Taking past growth into consideration, and allowing for annual fixed effects to account for economic cycles as well as controlling for systematic location-specific characteristics, we find that the larger the creative employment of a region, the higher the levels of entrepreneurship and regional growth."