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Is the U.S. losing the global race for the best and brightest entrepreneurial talent? It depends who you ask, but the question is the main focal point of the latest program from America Abroad Media entitled ‘Immigration and the Global Talent Search’—part of a four-part series on American entrepreneurship in a global economy.
How often do you get more than 70% of self-professed conservative Republicans and liberal Democrats to agree? Apparently, when the topic is immigration reform and you ask about a proposal that includes “a pathway to citizenship, allowing more high-skilled workers and guest workers into the country, increasing border security and creating employer verification requirements.” Those are the core elements of the Gang of Eight proposal (S.744: Border Security, Economic Opportunity and Immigration Modernization Act) being pushed by a bi-partisan group of U.S. senators.
With the ‘digital revolution’ in full swing and technological innovation advancing daily, the creative industries are expanding. However, the policies that guide the creative economy are too often outdated and based on business models that have been virtually swept away. Nesta, a UK-based foundation focused on innovation, has come up with a set of policy recommendations to guide the UK—and possibly serve as at least a discussion starter for other countries.
Returning to Washington after a state / district work period, Congress picks up the immigration issue with a few hearings. The Joint Economic Committee has a two-part hearing on “Immigration and Its Contribution to Our Economic Strength” with witnesses from Americans for Tax Reform, Georgetown Public Policy Institute, Center for Immigration Studies and the American Enterprise Institute. The topic is also picked up in the Senate Committee on Commerce, Science and Transportation as it examines potential reforms suggested by the ‘Gang of Eight’. Meanwhile, other hearings are scheduled to cover support of minority women entrepreneurs, regulatory burdens and health insurance fees on small businesses, and exports to Africa.
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.
Last week, confidence on Wall Street was sent soaring to all-time highs following the April jobs report from the U.S. Department of Labor—employers added 165,000 jobs for the month and unemployment fell to its lowest point since the end of 2008. The confidence of entrepreneurs is on the rise as well according to the latest Startup Confidence Index.
Mobile app developers are the lifeblood of startup communities everywhere—don’t take our word for it, just visit a Startup Weekend and see how many ideas are pitched for new smartphone applications. However, a new set of recommendations from the Federal Trade Commission may make things a bit more difficult for them, calling for new ways to help safeguard consumer privacy.
Readers of this blog know that we credit the greater availability of data on entrepreneurship for the healthy race to build the best start-up ecosystem that is going on around the globe. By revealing weak areas in a country’s entrepreneurship ecosystem and enabling cross-country comparisons, data can yield important implications for economic and regulatory policy.
The House side of Capitol Hill comes to life this week with a few committee hearings of interest. A couple of hearings are set for Tuesday morning, right ahead of the Kauffman Foundation's State of Entrepreneurship Address, with another hearing on American competitiveness on Wednesday.
Is the third time really the charm? A bipartisan group—U.S. Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.), along with Chris Coons (D-Del.) and Roy Blunt (R-Mo.)—recently introduced Startup Act 3.0, aiming to revitalize the economy by making it easier to start and grow new firms.
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