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All eyes on Capitol Hill are focused on the struggle over the future of payroll tax cuts two weeks before they are set to expire. No committee hearings are scheduled for the week ahead.
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:
Each year, the IFC and World Bank Group release their ‘Doing Business’ report that analyzes regulations that apply to an economy’s businesses throughout their lifespan—from startup to bankruptcy. The 2012 study is out and shows little movement among the leading economies. Singapore stays on top, followed again by Hong Kong (SAR, China), New Zealand, the United States and Denmark.
Citing data from the Ewing Marion Kauffman Foundation, U.S. Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.) introduced bipartisan legislation last week aimed at jumpstarting the economy through the creation and growth of new businesses.
As Congress nears the end-of-year holiday recess (which may or may not technically happen), all eyes are on the payroll tax deal negotiations and the expiration of the latest temporary spending bill. Meanwhile, several hearings are happening on Capitol Hill and of interest to PDE followers, including a look at the possible expansion of top-level domains through ICANN.
It was an active week for encouraging more startups in the nation’s capital. Take Thursday, December 8th. While I participated in a morning panel discussion on Capitol Hill with U.S. Senator Mary Landrieu (D-LA) and others, U.S. Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.) introduced the bipartisan Startup Act, the White House announced that the Obama administration had committed $2 billion in public and private resources to support job-creating startups, and Startup America Partnership board members—at the White House for their first official board meeting—outlined commitments from more than 50 private-sector partners that amount to over $1 billion over the next three years.
Every other year, community development professionals gather to review best practices and network at the National Interagency Community Reinvestment Conference. Unlike previous efforts though, the 2012 conference focuses squarely on new and small businesses and the role they can play in community and economic development.
During the “Presidential Summit on Entrepreneurship” hosted by President Barack Obama in Washington, DC, in April 2010, it became clear that the seeds of entrepreneurship as an economic development policy and diplomatic tool had been planted. Today, I send in a quick report from the Second Global Summit on Entrepreneurship in Istanbul which has brought together approximately 1200 successful entrepreneurs and leaders from Turkey and across the world for idea sharing under the general theme of “Entrepreneurship, Values and Development: A Global Agenda”. Turkey’s Prime Minister Recep Tayyip Erdoğan hosted the event and US Vice President Joe Biden spoke yesterday.
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