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Despite it being an election year and a period in American history of great political divide, the prospect that Washington, DC might actually get something done to make the path easier for nascent entrepreneurs and young firms is looking more promising. This past week saw lots of activity at both ends of Pennsylvania Avenue. First, on January 31st –the one-year anniversary of both the White House Startup America Initiative and the private-sector Startup America Partnership—President Barack Obama sent a “Startup America Legislative Agenda” to Congress. The following day, I took part in an official Senate roundtable on Capitol Hill focused on developing more high-growth entrepreneurship legislation.
The recent announcement of Richard Branson, the world-famous entrepreneur best known for his Virgin brand empire and his passion for adventure sports, as the headline speaker at the upcoming Global Entrepreneurship Congress has generated a significant amount of attention and interest.
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:
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.’
As a lead up to the March 2012 Global Entrepreneurship Congress, I will spotlight here a handful of the 120 nations gathering in Liverpool to develop the best entrepreneurial ecosystems. Today we look at Belarus.
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.
As the White House fine tunes its messaging for the upcoming State of the Union Address, small business owners are starting to feel a bit more confident about the economic outlook, according to the latest survey by the National Federation of Independent Businesses. A commonly used phrase in the NFIB work last year was ‘stubbornly cautious’. However, the new numbers show continued growth in optimism--the December figures were positive for the fourth consecutive month.
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