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With the holiday season approaching, almost all eyes in Congress are on the fiscal cliff deadline that is now only two weeks ahead. A recent proposal from House Speaker John Boehner with a couple of key concessions have led to a cautious optimism that a deal will be in place before long. In the meantime, the committee hearings schedule on Capitol Hill is quiet on the entrepreneurship front.
A recent global index shows the U.S. on the outside looking in of the world’s most prosperous countries. The 2012 Legatum Prosperity Index shows the trio of Scandinavian countries—Norway, Denmark and Sweden—at the top of the list while the U.S. has fallen out of the top 10 for the first time.
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.
Massachusetts is still the top state in the country when it comes to the new economy, according to the latest State New Economy Index from the Information Technology and Innovation Foundation. The report is the sixth in the series from ITIF with previous indexes published in 1999, 2002, 2007, 2008 and 2010. Massachusetts has claimed the top spot in each year.
The Board of Trustees of the Ewing Marion Kauffman Foundation last week announced the election of Thomas A. McDonnell as the Foundation's new president and chief executive officer. McDonnell, an experienced business leader with a track record of building global organizations that are both innovative and philanthropic, recently stepped down as CEO of DST Systems, Inc. He has been a Kauffman trustee since 2003 and chairman of the board since 2006. McDonnell succeeds Carl Schramm, who served as the Foundation's president and CEO from 2002 to 2011. Since January of this year, Kauffman trustee Benno Schmidt has served as interim CEO while the board conducted a national search for a new leader.
As fiscal cliff talks continue amid mutual claims of ‘distrust’ from both parties, other discussions continue on Capitol Hill. The five FCC commissioners are scheduled to appear before the House Committee on Energy & Commerce this week to discuss spectrum auctions and other efforts to meet the soaring demand for wireless broadband services. The auctions were part of the Middle Class Tax Relief and Job Creation Act of 2012 and originated in the House Energy and Commerce Committee as Chairman Walden’s Jumpstarting Opportunity with Broadband Spectrum (JOBS) Act. Other hearings cover the future of NASA, tax incentives to promote energy efficiency and small business recovery efforts following Hurricane Sandy.
Immigrants looking to start a firm and remain in the United States have a new tool at their disposal—a portal launched by the U.S. Citizenship and Immigration Service to help them navigate the process of registering for and securing visas to extend their stay in the country. Announced last week, Entrepreneur Pathways is more of a user-friendly guide to existing resources on the USCIS site than it is a stand-alone resource.
Another narrowly focused week lies ahead as the calendar slowly gives way into the final month for Republicans and Democrats to find compromise and avoid a $500 billion mix of tax increases and spending cuts. Leading the way is a Joint Economic Committee hearing on the fiscal cliff itself—scheduled for Thursday. The only other hearing of interest scheduled at this point is on the impact of international tech transfer on American R&D.
A new report from the Kauffman Foundation reveals that the pace of recovery in hiring and job creation since 2008 is stronger in newer firms – those two years old or younger – than in more established companies. Job Creation, Worker Churning, and Wages at Young Businesses is the seventh report in a series using data from the U.S. Census Bureau’s Business Dynamic Statistics.
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