42 billion lost since 2011 (but Milan is the capital of startups) – WWN

42 billion lost since 2011 (but Milan is the capital of startups) – WWN

In Italy, young entrepreneurs are put to the test. From 2011 to today, 165 thousand businesses led by young people are missing. In our country the rate of youth entrepreneurship decreased by 2.9%. A loss that cost Italy 42 billion in lost GDP according to the data emerging from the analysis of the Confcommercio Business Studies Office for Italy `The importance of youth entrepreneurship for economic well-being.

The survey highlights how entrepreneurs under 35 have decreased by -26.3% over the last eleven years. With calculable economic damage according to the researchers. If the rate of youth businesses had remained constant over time, today we could have had a GDP greater than 2%.

The research, taken up on the occasion of the election of the Board of Directors of the Young Entrepreneurs group of Confcommercio Milan, Lodi, Monza and Brianza, adds that Milan itself has reversed the downward trajectory. According to data from the Chamber of Commerce, youth businesses have started to grow again since 2021, something that had not happened since 2014. In 2022, in Milan, Lodi, Monza and Brianza there were 30,630 youth businesses, 25,195 in Milan alone. The sector that is strongest (and growing) for young people is that of services: in Milan alone there are 8,748. The city also confirms itself as the Italian capital of innovative start-ups: 1 in 5 is based in Milan and between January 2022 and January 2023 innovative start-ups in the area grew by 5.5%.

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