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At a time when policymakers throughout the U.S.--and all over the world for that matter--are pointing to the job creating power of entrepreneurs and small business owners, a new study from the Kauffman Foundation points out a worrisome trend. The nation's business startup rate fell below 8 percent for the first time in 2010, marking the lowest point on record for new firm births.
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:
An OECD report printed earlier this year examines why angel investment continues to be relatively overlooked despite the fact it is the primary source of outside equity financing and support for startups in a number of countries.
Both houses of Congress formally adjourned for a one-week recess and will return on Monday, May 7.
The sluggish economy has been hard on job seekers of all backgrounds, not just those at the lower end of the education spectrum. According to a new report from the Kauffman Foundation, universities in the U.S. generate more Ph.D’s than there are faculty positions, resulting in a “glut of talented, highly educated, underemployed individuals” who may not apply their skills due to a shortage of academic opportunities.
In 2009, Jennifer Pahlka had an idea. What if the best and brightest technology minds in America could “give back” by putting their talents to work in revolutionizing local government.
Once again, South Dakota has the best state tax system for entrepreneurship and small business. According to Business Tax Index 2012 from the the Small Business & Entrepreneurship Council, the Mount Rushmore state edged out Texas and Nevada after compiling data on 18 different tax measures.
Another quiet week is in store in the Senate while the House tackles international patent issues, rising energy costs for small business and the impact of the Report on Carcinogens from the U.S. Department of Health and Human Services. Off the Hill, Senators Moran and Warner talk about the Start-up Act at the Woodrow Wilson International Center for Scholars while the Cato Institute ponders ‘Is Immigration Good for America?’
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