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U.S. Senator Mary Landrieu recently moved on from her spot atop the U.S. Senate Committee on Small Business and Entrepreneurship—which she held since 2009—in order to take over the Energy & Natural Resources Committee. Taking her place is Senator Maria Cantwell of Washington. Cantwell is no stranger to the tech startup world, having spent five years (from 1995-1999) at RealNetworks in Seattle after a stint in the U.S. House of Representatives.
A couple of pieces of legislation on regulation and taxes get a closer look this week in the House while competition in the wireless market and the semi-annual monetary policy report highlight activity in the Senate. Other topics covered by hearings this week include: equity market structure, health insurance, access to energy, veteran employment, infrastructure improvements and more.
It has now been more than a year since the United States Congress restarted efforts to overhaul the nation’s immigration laws. Despite expected resistance from conservatives, the effort looked promising initially, with strong support from business, labor and President Obama. It was disappointing news for many when John Boehner, Speaker of the House of U.S. Representatives, conceded last week in a news conference that it is going to be politically difficult to move the overhaul forward this year.
For the past four years, the Kauffman Foundation has held a State of Entrepreneurship Address . This week, the fifth annual address is streaming live from the National Press Club in Washington, DC. Kauffman President and CEO Tom McDonnell will present the state of entrepreneurship in America and kick off the Foundation's "America's New Entrepreneurial Growth Agenda," which will highlight recommendations for more prosperity.
Are governments wasting their time and money with all of their efforts to promote entrepreneurial growth in their communities and countries? Not quite, but they could certainly be spending their resources more wisely. A new report from the Kauffman Foundation argues “despite billions of dollars in government research expenditures, the presence of research universities and patents are not associated with higher rates of entrepreneurship” and “the public sector can affect few significant factors to encourage entrepreneurship.”
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Below, we take a look at a handful of relevant stories compiled from the last week on the role of universities in new business starts, entrepreneurial ecosystems enhancing economic diversification, knowing when to accept venture capital and growing confidence from venture capitalists.
Tuesday is a busy day for the Senate Committee on Small Business and Entrepreneurship. First, the committee will examine the challenges and advantages of an increasing number of seniors engaging in entrepreneurial activity. It will also conduct a nomination hearing for Maria Contreras-Sweet, President Obama’s pick to head the Small Business Administration. Meanwhile, the Senate Committee on the Budget will be reviewing the Congressional Budget Office’s latest report — The Budget and Economic Outlook: 2014-2024. Other topics covered by hearings this week include: the rapid growth of wireless technology and the Internet of Things, regulatory burdens, open science and innovation at the EPA, monetary policy and the minimum wage.
The big topic on Capitol Hill this week is protecting consumer privacy with one committee hearing in the House and three in the Senate. In late 2013, Target suffered a massive data breach affecting up to 110 million customers and they will be represented at two of the hearings — along with representatives from Neiman Marcus, Symantec, Consumers Union, U.S. Secret Service, Department of Homeland Security, Federal Trade Commission and more. Other topics covered by hearings this week include: the 2014 budget, inefficiencies in federal programs for small businesses, Dodd-Frank’s Volcker Rule, financial research and the commercialization of space.
Bit by bit, entrepreneurs throughout the U.S. are picking up confidence along the road to economic recovery — and they are willing to put their money where their mouth is. The latest Startup Confidence Index from the Kauffman Foundation and LegalZoom shows a greater willingness from entrepreneurs to put personal savings toward new business ventures. Personal savings as a means for funding the startup jumped from 66 percent in 2012 to 86 percent in 2013.
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