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If someone asked you to name the U.S. city with the highest percentage of high-growth companies, the safest response--and one given by most everyone--would be San Francisco, probably followed by Boston. But while those two are in the top 5, they trail Washington, DC, Salt Lake City and Austin. In fact, the nation's capital even comes out on top when it comes to raw totals.
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.
Congress is in recess with members back in their home states and districts as they focus on campaign work over the next several weeks. They will return to Washington at some point after the November 6 election.
A recently released briefing paper by the Hudson Institute shows job creation from new firms at an all-time low. “The Collapse of Startups in Job Creation” paints a bleak picture where the number of new firms being created today is even smaller than two years ago when the worst of the recession ended.
As we anticipated last week—well, us and pretty much everyone else who tracks the comings-and-goings of Congress—the House and Senate adjourned for a six-week recess so that they could focus on campaigning ahead of the general election in November. Somewhat comically (and predictably), Democrats called on the GOP majority in the House to postpone the recess while Republicans similarly chided the Democratic majority in the Senate – meanwhile, the media threw up its hands at both. The departure is the earliest pre-election recess since John F. Kennedy faced-off with Richard Nixon in 1960.
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 want to succeed as an entrepreneur, which college should you attend? Well, assuming you aren’t a Peter Thiel disciple and agree that entrepreneurs should skip it altogether, it seems like Babson College is your best bet.
The latest Kauffman/LegalZoom Startup Confidence Index points to a continuing decline in expectations for the U.S. economy. Almost 40 percent of startup owners believe the economy will deteriorate over the next 12 months, an increase from 36 percent in the second-quarter survey and 31 percent in the first-quarter. Not surprisingly, the number of entrepreneurs who were “somewhat confident” in future profitability dipped as well.
The recent return of Congressional leaders from a 5-week recess won’t be long-lived. With the heated presidential campaign in full-swing, members are focusing their current efforts in Washington on campaign-related events—and trying to figure out how soon they can escape back to their home states and districts to focus on campaigning there. That escape may come as soon as the end of this week. In the meantime, there are a number of hearings that may be of interest to our readers.
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