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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:
A new essay by Steve Blank, who founded a series of successful high technology companies and now teaches entrepreneurship, outlines four different types of entrepreneurs—and identifies the tools and support they need to succeed.
Highlighting this week’s slate of hearings on Capitol Hill is a review by the House Finance Committee on “Legislative Proposals to Facilitate Small Business Capital Formation & Job Creation.” Getting a peak are: the Small Company Job Growth & Regulatory Relief Act of 2011; the Private Company Flexibility and Growth Act; the Entrepreneur Access to Capital Act; and, the Access to Capital for Job Creators Act.
The Kauffman Foundation is seeking experts on high-growth entrepreneurship policy issues to contribute to the creation of a global policy roadmap for advancing entrepreneurship. Scholars are invited to submit abstracts for papers to be considered for presentation at a roundtable discussion at the Kauffman-sponsored Global Entrepreneurship Congress, March 11-12, 2012, in Liverpool, UK.
President Obama threw down the gauntlet to Congress today, releasing his plan for the American Jobs Act, a $447 billion legislative proposal to jumpstart the economy that creates a number incentives for employers to start—and keep—hiring. The plan includes a payroll tax holiday for small business that hire new employees as well as for those who raise salaries. Other incentives include cutting payroll taxes on the first $5 million in payroll and extending “100% expensing” that allows firms to take an immediate deduction on investments in new plants and equipment.
Most policymakers are starting to both heed entrepreneurs for their job and wealth creation efforts during these tough times as well as pick up on one of our nation’s biggest source of high-growth start-ups: immigrant entrepreneurs. But if public reaction to a recent NPR segment and recent Washington Post commentary on the topic are anything to go by, I fear we have a long way to go to convince the average American citizen.
The U.S. Congress is currently observing the typical August / Summer recess. They are scheduled to return to Washington on Tuesday, September 6, following the Labor Day holiday.
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