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As the King of Saudi Arabia met in the U.S. with President Barack Obama on June 29th, the National U.S.-Arab Chamber of Commerce (NUSACC) released its first newsletter dedicated to entrepreneurship in Saudi Arabia. The news suggests that the country is gradually gaining a supportive...
We have heard several entrepreneurship-based proposals recently to get our economy back on track, but one piece seemed to be missing this whole time in the debate: re-evaluating Sarbanes-Oxley for young firms. We have long known that the compliance costs associated with SOX—particularly section 404—have been discouraging many companies from going public, thereby blocking their access to capital and growth. Researchers have suggested that Congress address this issue in some way, and a measure to allow shareholders of companies with market cap below $1 billion to opt-in under SOX was one of the ideas floated in the Startup Act released mid-July. The measure is now gaining track in Congress.
The free flow of skilled human capital was identified as a top priority at an Asia Pacific Economic Cooperation (APEC) senior officials innovation meeting I led in Medan, Indonesia, this past weekend. The approval therefore by the U.S. Senate last Thursday of its version of immigration reform legislation was met with keen interest. Why is this legislation so important for the United States?
If you have ever been around somebody trying to start or grow abusiness, you know that entrepreneurs don’t have time for much else,especially not for going to Washington to help keep policymakers up todate on how to encourage high growth entrepreneurship in America—nothurt it. When...
More than a dozen rockstar entrepreneurs and startup financiers have decided it was time to visit Washington, DC. They have taken three days of their busy schedules this week to push for the passage StartUp Visa Act of 2010, a bill that would make it...
While most favor bottom-up, entrepreneur-led efforts to develop robust entrepreneurial ecosystems, in Africa especially, what the government does actually matters a great deal. In the third of four posts this month on Africa, I look at Rwanda and find a country where smart government engagement has created a favorable climate for entrepreneurs.
On Friday, July 31, President Obama signed into law “The Small Business Act and the Small Business Investment Act Temporary Extension” (S. 1513), which temporarily reauthorizes the Small Business Innovation (SBIR) and Small Business Technology Transfer (STTR) programs until September 30, 2009. This new two...
The Saudi Arabian Monetary Agency (SAMA) recently released data indicating that domestic credit to the private sector in Saudi Arabia recorded one of their highest growth rates since the global fiscal crisis. That the Gulf Kingdom’s twelve (12) commercial banks are easing credit curbs is good news for entrepreneurship promoters in the country and leaders in the Kingdom seem ready to provide the fuel to ignite a new wave of startups.
America needs all the talent it can get at home to spur job creation and economic growth. Recently, we have given a lot of attention to the untapped potential of immigrant entrepreneurs. Today, I take a look at other data and ask what we can do to enable more women in America to achieve their full potential as entrepreneurs.
The most successful economic periods in the Dominican Republic have been fuelled in the past by growth in tourism, telecommunications and maquiladora manufacturing but a handful of entrepreneurs are working to add new pioneers across all economic sectors. As part of my recent series on Latin America, we take a quick look at developments from the Dominican Republic.
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