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Earlier this month, the U.S. Department of the Treasury delayed a key provision of Affordable Care Act (ACA)—the requirement that companies with more than 50 employees extend health insurance to their full-time staff. Then, the House of Representatives passed a bill extending the same relief to individuals, who under the law would start facing tax penalties if they go without health insurance next year. It prompted me to take a fresh look at progress overall.
This is the last week before Congress breaks for the traditional August recess—when they will likely prepare for a looming September spending showdown. In the meantime, there are several hearings of interest—covering technology innovation, health care reform, employment figures, tax reform, patent reform and brain research.
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.
According to a recent report on angel investing in the United States, more than 8 in 10 angel investments in the last 12 months were completed in the home state of the investor group and company. The Q1 2013 Halo Report—published by the Angel Resource Institute, Silicon Valley Bank and CB Insights—is based on 207 deals totaling $222 million invested.
High-growth entrepreneurs in Kansas City have a lot going for them—Google Fiber, the Kansas City Startup Village, 1 Million Cups and access to an array of programs and resources from the Kauffman Labs for Enterprise Creation. Still, more can be done to boost the region’s already dynamic startup scene and help young companies thrive.
It has been two years this week since the Kauffman Foundation took extensive research and data analysis around new firm formation, crafted a single document, and labeled it “The Startup Act.” Renaming the conversation that PDE had started earlier around how policymakers can make it easier for startups to emerge, create jobs and grow, was very effective in getting policymakers in Washington to take a look at entrepreneurship through the lens of helping new and young firms. But how far has America come in getting something done on their behalf?
With the August recess looming just ahead, it looks to be another busy week on Capitol Hill. The immigration debate looks to be moving one piece at a time as the House Judiciary Committee looks for a way to first resolve the status of illegal immigrants brought to the U.S. as children. Meanwhile, members of the House Science, Space and Technology Committee look for a way to improve technology transfer and advance innovation into the marketplace. Other topics covered include: regulatory barriers; SBIC; copyright law; NIST and the private sector on cybersecurity; and the state of wireline communications.
Pressing ahead with its plan to build an entrepreneurial economy, Malaysia’s Ministry of Finance will host the fourth Global Entrepreneurship Summit (GES) on October 11-12, 2013. With the expected participation of U.S. President Barack Obama and other heads of state, the summit in Kuala Lumpur is set to be a milestone for Malaysia’s quest to become an entrepreneurship hub. I met with the planners in Kuala Lumpur recently to discuss progress.
After two consecutive months of increases (April and May), small business owner confidence dropped in June according to the National Federation of Independent Businesses. The latest Small Business Optimism Index shows a continued see-saw trend that remains mired between the depths of the recession in 2009 and the heights of the economic expansion of 2004-2005.
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