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A couple months ago, Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.) were joined by Steve Case, AOL co-founder and CEO of Revolution LLC, as they introduced the Startup Act—based largely off research and recommendations released by the Kauffman Foundation.
Despite a continued cloudy view of the U.S. economy, some top economics bloggers are beginning to see a ray of hope on the horizon. According to the latest Kauffman Economic Outlook: A Quarterly Survey of Top Economics Bloggers, 14 percent of respondents now believe the economy is “strong and growing” or “strong with uncertain growth,” an improvement over last quarter.
Expect more-of-the-same when it comes to the performance of the US economy for the next two years—with slow economic growth and unemployment rates remaining over eight percent.
Headlining this week is the Kauffman Foundation's third annual State of Entrepreneurship Address, “A Roadmap for State Growth.” The address will be held at the National Press Club and presented by Benno Schmidt, interim president of the Kauffman Foundation, who will discuss effective, low-cost ways of promoting entrepreneurship and innovation at the state level. On Capitol Hill, a number of hearings are scheduled that may be of interest to readers, including a Joint Economic Committee hearing on reauthorizing the payroll tax cut.
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:
Heading into what promises to be a heated general election year, the Kauffman Foundation has turned the focus of its third annual State of Entrepreneurship Address back to the state and local level. Later this week at the National Press Club, Benno Schmidt, the Foundation’s interim president, will present “A Roadmap for State Growth,” touching on a number of proposed recommendations regarding state and local laws and regulations—that won’t break policymakers’ budgets.
Sir Richard Branson is backing the world’s entrepreneurs as the primary engine of economic growth and global stability by joining the Global Entrepreneurship Congress in Liverpool.
First, the good news. According to the latest Small Business Employment Index released by Intuit, small businesses created 50,000 new jobs in January. The total represents an increase of 0.2 percent over the last month--equating to an annual growth rate of 2.9 percent.
Hearings and other meetings heat up during the week ahead on both sides of the U.S. Capitol. A roundtable discussion on “Developing & Strengthening High-growth Entrepreneurship,” including PDE’s Jonathan Ortmans, leads the way in the Senate while the House Budget Committee hears from Fed Chairman Ben Bernanke on “The State of the US Economy.” Meanwhile, off the Hill, Steve Case of the Startup America Partnership joins Sen. Jerry Moran and Sen. Mark Warner to talk about the Startup Act and ‘Improving the Environment for Entrepreneurship.’
Things are starting to pick up on Capitol Hill as the House of Representatives is set to reconvene tomorrow (Nov. 17). Relevant hearings are already scheduled for several committees, including Financial Services, Armed Services and Oversight & Government Reform. The Senate will reconvene next Monday, January 23.
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