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Entrepreneurs in Atlanta and Miami are an optimistic bunch—even in the face of uncertain economic times. A new survey released today by Dell and Intel reveals a bright local outlook for startups and small businesses in the two southern cities—showing a favorable view of the local economy and local organizations supporting businesses as well as healthy expectations for growth.
Headlining the hearings for the week ahead is Fed Chairman Ben Bernanke presenting ‘The Economic Outlook’ to the U.S. Congress Joint Economic Committee (JEC), chaired by Senator Bob Casey (D-PA). Also, SBA Administrator Karen Mills addresses the SBA’s Management of Its Capital Access Programs before the House Committee on Small Business.
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:
If you are reading this, chances are you have seen any number of surveys and indices that rank the U.S. states according to their climate towards small business and entrepreneurs. Unlike other rankings, a new survey from Thumbtack.com has gone straight to the source. Partnering with the Kauffman Foundation, Thumbtack.com conducted a two-month survey of over 6,000 small business owners nationwide on the friendliness of states towards small business and about small business finances in order to measure states and cities along 21 metrics.
While members of the House are back in their home districts for a two-week recess, the Senate has several committee hearings and events that may be of interest to entrepreneurs and followers of the startup ecosystem. The economic dialogue between U.S. and China gets a look from the Senate Committee on Banking, Housing & Urban Affairs while others focus on less government IT spending, the government’s role in energy innovation and innovations in health care delivery.
An increasing number of developing economies are turning to new firm formation in their efforts to reduce poverty and generate sustainable wealth. A new partnership between Startup Weekend and global humanitarian agency Mercy Corps will add to those efforts, expanding the access and impact of a proven model for business generation.
A growing number of customers have apparently found a way around tighter economic times—pay late or just sometimes not at all. The latest Kauffman Firm Survey shows an alarming increase of young firms who claim their primary business challenge is customers paying late or simply not making payments—jumping from 2 percent in 2008 to 14 percent in 2010. That may not be as big of a problem for larger established firms, but for startups it can mean the difference between failure and survival.
A fairly slow week on Capitol Hill is punctuated by a Joint Economic Committee hearing on "How the Taxation of Labor and Transfer Payments Affect Growth and Employment." Witnesses for the hearing are: Simon Johnson, entrepreneurship professor from MIT; Richard Rogerson, economics professor from Princeton; and Andrew Biggs, resident scholar at AEI (and former principle deputy commissioner of the Social Security Administration).
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