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A few weeks ago, we told you about the Senate version of Startup Act 2.0—sponsored by a bipartisan group of four U.S. Senators. Not to be outdone, the House introduced identical legislation last week thanks to Congressman Michael Grimm (R-N.Y.) and Loretta Sanchez (D-Calif.) along with a group of cosponsors—Kevin Yoder (R-Kan.), Jared Polis (D-Colo.), Devin Nunes (R-Calif.), Russ Carnahan (D-Mo.) and Robert Dold (R-Ill.).
The House of Representatives is in a week-long recess and will return to action next Monday. In the meantime, a handful of Senate committees have hearings scheduled that may be of interest to entrepreneurs and those who support them—including a look at competitiveness and collaboration between the U.S. and China on clean energy.
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:
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.
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.
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.
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