Many Americans are starting new businesses

MGN Online

NBC - The entrepreneurial spirit is alive and well in the US.

According to a new study released by Babson College, 27 million Americans are starting or running new businesses.

In fact 64 percent of Americans believe there are good opportunities for starting a business near or where they live.

That's the highest level reported since the global entrepreneurship monitor started in 1999.

Additionally, 63 percent of Americans believe that entrepreneurship is a good career choice, with 86 percent of start-up activity motivated by opportunity.

Minority entrepreneurs represent approximately one third of US startups.