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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:
I admit it. I was one of those guys who ready Douglas Coupland’s ‘Generation X: Tales of an Accelerated Culture’ and watched all the generational angst movies of the early ‘90s like Richard Linklater’s ‘Slacker’ (or Reality Bites’ for the more commercially mainstream audiences). We were different and better than Baby Boomers and wanted to make sure everyone knew why.
Secretary Geithner is scheduled to appear before the House Committee on Small Business to talk about access to capital and credit while the Budget Committee examines the long-term budget outlook with CBO director Douglas Elmendorf. On the Senate side, the Judiciary Committee tackles intellectual property law enforcement efforts.
This Week in Entrepreneurship Policy: Members of the House are back in their home districts for a Constituent Work Week.
The new employment statistics are out from the Bureau of Labor Statistics and it doesn't look any better than the previous months. Looking at the bottom line, unemployment remained "essentially unchanged" for the month of May at 9.1 percent (13.9 million people). During that period, the economy added 54,000 jobsódown considerably from the average of 220,000 jobs per month over the past several months.
With largely unimpressive employment figures and sagging consumer confidence, the Obama administration is seemingly pulling out all the stops in its economic arsenal. It has focused on small businesses--touting its 17 tax cuts for small business owners—as well as new businesses through its support of programs like Startup America and the Global Entrepreneurship Program. And now it is looking to get into a bit of good old traditional economic development, trying to attract and retain businesses—convincing them to select US locations to either start or expand operations.
Recognizing the urgency to kick-start the economy through entrepreneurship, the Kauffman Foundation sponsored the latest issue of Democracy--a Journal of Ideas to examine how the government can promote firm formation and growth.
According to a report earlier this week by the National Venture Capital Association, 2010 saw venture capital fundraising drop for the fourth consecutive year. During that time, the number of funds has shrunk from 235 to 157 while funds raised have dropped more than 61% (from $31.9 billion to $12.3 billion).
Note: Next week, PDE-news will be distributed on Tuesday, February 8, following the Kauffman Foundation’s ‘State of Entrepreneurship Address.’ (see the post below for details)
Following President Obama's increased focus on regulatory reform and his call for innovation and entrepreneurship in his recent State of the Union address, the Kauffman Foundation will present its second annual State of Entrepreneurship Address on February 8, 2011, to shed light on how changes to specific laws and regulations can accelerate economic growth without adding to the deficit.
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