Will More Startups Lead To More Hiring?

Startup companies are growing in Illinois and many of them will be planning to hire new employees this year, the Chicago Tribune reported on October 17, 2011. In a survey distributed by the Chicagoland Entrepreneurial Center with the help of other groups, 77 of 136 participants said their company was founded between 2006 and 2010. Only 12 companies were founded between 2000 and 2005, and the Tribune noted 30 startups have been formed in 2011 alone.

Furthermore, almost 65 percent of respondents said they would add employees in 2011, with the majority of those new jobs based in Chicago. The Tribune also noted that 92 respondents said they are on the hunt for capital, and more than 75 percent of that group put themselves in the seed or early stages, thus preparing for a commercial launch or seeking funds to jumpstart sales.

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