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Using words like “uncertain,” “fragile” and “weak,” 96 percent of top economics bloggers now share a gloomy outlook on the U.S. economy. Only half expect employment growth in the next three years while only 2 percent consider the US economy to be ‘strong and growing’ and two-thirds feel the government is already too involved in the economy.
What is going on in Canada?
A couple of weeks ago, we pointed out a recent Forbes study that ranked Canada as the ‘best country for business.’ Apparently Forbes weren’t the only ones impressed with the US neighbors to the north as another study emerged last week with Canada on top.
A newly released study shows that new businesses have a higher propensity to use websites, email and to sell their products and services online—which makes absolute sense to anyone who has been to a Startup Weekend recently or even just thought about how get a business off the ground without a mountain of cash up front. The data from the study, “Casting a Wide Net: Online Activities of Small and News Businesses in the United States,” also show the logical correlation between that activity and the resulting positive impact on capitalization and longevity.
Last Thursday, members of the Subcommittee on Science and Space met to discuss the reauthorization of the National Nanotechnology Initiative (NNI) with a witness panel of five experts in the revolutionary field of nanotechnology. Created in 2000, the NNI has facilitated communication and collaboration between 25 federal agencies involved in groundbreaking nanotechnology research.
This Week in Entrepreneurship Policy.
Companies established in 2009 could employ one million fewer people than the historic norm. That is the alarming bottom line from a recent Kauffman study that shows the U.S. jobs problem pre-dates the Great Recession of 2007-2009. The research suggests that the country faces a far more fundamental employment challenge—a long-term trend that the researchers call a slow jobs "leak."
There is not an iota of doubt that the current tax code has serious problems, in the sense that it seems to favor more the issuance of debt, rather than the issuance of equity for businesses to raise capital. But what are some of these problems? A few of them came to light at a Joint Congressional Testimony of the House Committee on Ways and Means and the Senate Finance Committee.
Each day, Innovation Daily checks the pulse of global innovation-- courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week:
In the June issue of Newsweek, former US President Bill Clinton put forward a dozen or so ideas on how to attack the jobs crisis (cleverly titled, of course, 'It's Still the Economy Stupid'). One of those ideas was ‘More Cash for Startups’ where he talked about a plan by the Obama Administration to allow converting tax credits to cash equivalents tied to the number of employees hired for green jobs and startups.
Commercialization and job creation in nanotechnology get a look from the Senate Committee on Science, Commerce & Transportation this week, while a joint hearing on "Tax Reform & the Tax Treatment of Debt and Equity" brings together the House Committee on Ways & Means and the Senate Finance Committee.
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