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The Policy Dialogue on Entrepreneurship Informs and connects thought leaders looking to understand policies that help entrepreneurs start companies, create jobs and strengthen the economy. Sign up to receive our weekly update!
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.
I recently returned from Brazil, the world’s sixth largest economy, where President Dilma Rousseff, a former Marxist revolutionary, is using pro-growth incentives such as lower interest rates, proposed tax cuts and infrastructure investment to fuel her nation’s quest for sustained economic growth and help more Brazilians stand on their own two feet. That Rio will host the Global Entrepreneurship Congress in March 2013 is obviously important for Brazilians. It might be more important for the rest of world.
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.
Earlier this year, we followed the progress of the JOBS (Jumpstart Our Business Startups) Act as an example of how business should get done in Washington, DC. Most of the attention has been—and continues to be— focused on crowdfunding and how it can help startups and small businesses raise capital to launch and grow their businesses.
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:
Last week was a busy one for the President’s Council of Advisors on Science & Technology, an advisory group of the nation’s leading scientists and engineers who make policy recommendations “where understanding of science, technology and innovation is key to strengthening our economy.” In two separate reports, PCAST explored approaches to meet the sky-rocketing demand for wireless broadband as well as the necessary steps to provide long-term U.S. leadership in advanced manufacturing.
Last week, Fed Chairman Ben Bernanke gave a sobering review of the U.S. economy. This week, a number of Congressional hearings continue to address the underlying issues--like the impact of Dodd-Frank and the 10th anniversary of Sarbanes-Oxley--as well as the potential in cloud computing and commercializing research from the international space station.
Each quarter, the Chamber tracks the outlook of entrepreneurs and small business owners on their businesses, the local economy and the U.S. economy. In the latest survey, overwhelmingly, they think the national economy is not headed in the right direction. However, the numbers improve as the focus narrows to the local economy (47% said it was on the right track) and their own business (68%). Unfortunately, that may not translate to more jobs though as only 20% thought they would add employees in the year ahead.
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