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Haitians have received help from governments, the private sector and the philanthropic community around the world to deal with the awful devastation, but the long term goal of rebuilding a nation and constructing institutions from scratch will require sustained commitment to the country. I can’t think of a better group to enlist in this task than Haitian entrepreneurs. The needs of the businesses affected in this region are extraordinary, but so is their potential to become agents for restoration.
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.
I have just returned today from a short visit to South Korea where I addressed an international conference and met with various universities both in Seoul and Daejeon Valley – described to me by locals as Korea’s Silicon Valley.
Visitors arriving at Seoul’s acclaimed airport can only be impressed by its sophisticated application of technology into everyday lives. The train I rode from Seoul to Daejoen cruised at 300 Kilometers per hour, every taxi in Seoul was clean and paid for with a back seat touchpad card reader and the urban planning seemed super smart with local government being placed in beautiful floating structures on the river and national government being moved altogether out of Seoul.
It is time to implement new methods to shake our economy out of this lingering spell of slow growth (a disappointing 2% rate) and high unemployment (hovering around 9%). And while the large federal budget deficit does not leave much room for implementing more traditional economic remedies, the Kauffman Foundation—at a press conference this morning here at the National Press Club in Washington, DC—suggested it is time for legislation. Startup legislation.
Today and tomorrow the Senate will vote on President Obama’s announced deal to extend for two years all of the tax cuts, both those from the Bush years and those for low-income workers from last year’s stimulus package. Under this proposal, recently expired benefits for the long-term unemployed would also be extended for another 13 months. In addition, the agreement would cut payroll taxes for one-year. What does all this mean for entrepreneurs?
Washington has been busy on several fronts important to entrepreneurs these past few months. One we must not forget to reflect on is the recent U.S. Senate approval of a bipartisan-sponsored amendment to the financial reform bill that protects against creating new barriers for high-growth entrepreneurs seeking to raise angel capital. This “Angel Amendment” addressed two of the original provisions in the bill that had the potential of creating regulatory obstacles for entrepreneurs raising angel financing and weakening the pool of angel capital by reducing the number of accredited angel investors.
This week on June 20-22, I will be speaking and participating at the G20 Young Entrepreneur Summit hosted by the Canadian Youth Business Foundation. The event, recognized by the Canadian government as an official G20 event, will bring together delegations from leading entrepreneurship organizations from...
Welcome to 2012 – a year which, without any official proclamation, will likely be an excellent year for entrepreneurs. In so many respects, advocates in 2011 for startups and entrepreneurs could not have done better in setting up 2012. Better data, more relevant policy and legislation, streamlined programming and more widespread public support should give all reason to be optimistic that more people will take a risk, unleash an idea and make a job. And we should expect even more new developments that will shape even better entrepreneurship ecosystems across the world.
This week, I was invited to join the annual Asia-Pacific Economic Cooperation (APEC) Trade Ministerial in Big Sky, Montana. This regional bloc meeting remains one of the most important venues for discussing global economic policy. It is also one that has paid attention to the role of entrepreneurs in achieving its goals of trade and cooperation for growth.
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