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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:
According to the latest Global Innovation Index, Switzerland tops a list of 125 economies around the world as the most innovative—up three spots from last year’s rankings.
Last Monday, I pointed out the latest issue of Democracy: A Journal of Ideas that featured ways government can promote firm formation and growth.
This week, the authors take center stage at the National Press Club for a panel discussion on "From the Ground Up: A Progressive Agenda for Fostering Entrepreneurship." The symposium covers a broad range of priorities. From promoting minority business ownership and enacting smart immigration reform to teaching entrepreneurship in our schools and encouraging innovation clusters, progressives can unite behind an agenda that promotes entrepreneurs.
Members of the House are back in their home districts for a Constituent Work Week and will return after the Independence Day holiday. On the Senate side, a light week is highlighted by a Finance Committee hearing on simplifying the tax code.
If you ask an entrepreneur, the global economy is starting to perk up a bit. In the most recent ‘Global Entrepreneur Indicator’ survey, 62% experienced an increase in their net profits -- a 25% increase over the previous year -- while 57% added jobs since last surveyed.
PDE staff were on hand for a House Committee on Small Business hearing on Capitol Hill on June 22. Our report of the hearing follows: There is no debating the fact that the financial crisis has adversely impacted small businesses. Indeed, this fact was the common theme that ran through the opening statements of a recent hearing held by the House Committee on Small Business.
Following opening remarks by Representatives Sam Graves (R-MO) and Nydia M. Velazquez (D-NY), Chairman and Ranking Member respectively, Treasury Secretary Timothy Geithner delivered a summary of his written testimony on the “State of Small Business Access to Capital.”
With largely unimpressive employment figures and sagging consumer confidence, the Obama administration is seemingly pulling out all the stops in its economic arsenal. It has focused on small businesses--touting its 17 tax cuts for small business owners—as well as new businesses through its support of programs like Startup America and the Global Entrepreneurship Program. And now it is looking to get into a bit of good old traditional economic development, trying to attract and retain businesses—convincing them to select US locations to either start or expand operations.
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