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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!
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:
An increasing number of developing economies are turning to new firm formation in their efforts to reduce poverty and generate sustainable wealth. A new partnership between Startup Weekend and global humanitarian agency Mercy Corps will add to those efforts, expanding the access and impact of a proven model for business generation.
A fairly slow week on Capitol Hill is punctuated by a Joint Economic Committee hearing on "How the Taxation of Labor and Transfer Payments Affect Growth and Employment." Witnesses for the hearing are: Simon Johnson, entrepreneurship professor from MIT; Richard Rogerson, economics professor from Princeton; and Andrew Biggs, resident scholar at AEI (and former principle deputy commissioner of the Social Security Administration).
A growing number of customers have apparently found a way around tighter economic times—pay late or just sometimes not at all. The latest Kauffman Firm Survey shows an alarming increase of young firms who claim their primary business challenge is customers paying late or simply not making payments—jumping from 2 percent in 2008 to 14 percent in 2010. That may not be as big of a problem for larger established firms, but for startups it can mean the difference between failure and survival.
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