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A new report from the Kauffman Foundation reveals that the pace of recovery in hiring and job creation since 2008 is stronger in newer firms – those two years old or younger – than in more established companies. Job Creation, Worker Churning, and Wages at Young Businesses is the seventh report in a series using data from the U.S. Census Bureau’s Business Dynamic Statistics.
Another narrowly focused week lies ahead as the calendar slowly gives way into the final month for Republicans and Democrats to find compromise and avoid a $500 billion mix of tax increases and spending cuts. Leading the way is a Joint Economic Committee hearing on the fiscal cliff itself—scheduled for Thursday. The only other hearing of interest scheduled at this point is on the impact of international tech transfer on American R&D.
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.
Immigrants looking to start a firm and remain in the United States have a new tool at their disposal—a portal launched by the U.S. Citizenship and Immigration Service to help them navigate the process of registering for and securing visas to extend their stay in the country. Announced last week, Entrepreneur Pathways is more of a user-friendly guide to existing resources on the USCIS site than it is a stand-alone resource.
Young firms and their ability to raise capital will be the focus of a discussion in Washington next week at the Brookings Institution.
Following a quiet week on Capitol Hill due to the Thanksgiving holiday, talks on the fiscal cliff are scheduled to resume this week as lawmakers return to Washington. In addition, there are a number of hearings scheduled on the House side that touch on issues of interest to hard-core followers of the entrepreneurial economy including: music licensing and intellectual property, energy R&D and capital standards.
If you are familiar with this blog, you know we often discuss the progress or obstacles in various entrepreneurship ecosystems. We have also discussed the paucity of data around the world to best inform decision makers keen to smooth the path for their aspiring entrepreneurs. Current thinking suggests that startup communities need to be led by entrepreneurs and today we take note of a new global survey of entrepreneurs. Released earlier this month, the Global Entrepreneurship Week Policy Survey, which was designed to shed light on key questions for policy discussions on high-growth entrepreneurship from the perspective of entrepreneurs themselves.
There is a reason why much of the world looks to the U.S. to replicate its success in promoting startup ecosystems and entrepreneurial growth—and it isn’t just Silicon Valley. To be fair though, Silicon Valley is at the top of the list.
All eyes "in Washington" are on the fiscal cliff--well, except for those that are examining the details surrounding Benghazi and the resignation of CIA Director David Petraeus.
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