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This Week in Entrepreneurship and Innovation Policy

Mark Marich

Tuesday, June 22, 2010 
Where Will the Jobs Come From?
2226 Rayburn House Office Building
12:00 noon 

While the American employment situation has begun to improve in recent weeks, the unemployment rate still hovers near 10 percent and millions of people remain unemployed, with long-term unemployment at an all-time high. There are distinct worries that the United States may experience another "jobless recovery," and even the Obama Administration expects unemployment to remain above 8 percent by the end of 2011. The natural question for policymakers, then, is where will the jobs come from? How can American job creation once again proceed rapidly?

The answer, perhaps surprising to some, is that new jobs in this recovery will come from where they always have: new and young companies. While the job creation discussion usually defaults to a dichotomy between big and small companies, often ignored are the new startups and young firms that create a substantial portion of new jobs. Most of these young firms, of course, start small, but the American economy thrives, in part, because a substantial number of these startups grow rapidly into scale firms.

The relevant policy question is how the United States can encourage higher levels of firm formation and what, if anything, can be done to stimulate more high-growth companies.  

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Tuesday, Jun. 22, 2010
Senate Committee on Commerce, Science, and Transportation - Subcommittee on Competitiveness, Innovation, and Export Promotion - Hearing

"Innovation in America: Opportunities and Obstacles" - Hearings to examine innovation in America, focusing on opportunities and obstacles.
Russell Senate Office Building, Room 253     
2:30 PM
Witness Panel 1
    •    The Honorable Aneesh P. Chopra 
Chief Technology Officer and Associate Director for Technology 
Office of Science and Technology Policy, Executive Office of the President
Witness Panel 2
    •    Mr. Andrew M. Weiss 
President and Chief Executive Officer 
CoAxia, Inc.
    •    Dr. Robert D. Atkinson 
President 
Information Technology and Innovation Foundation
    •    Mr. Stephen J. Ubl 
President and Chief Executive Officer 
Advanced Medical Technology Association
    •    Mr. Rhys L. Williams 
President 
New World Angels, Inc.
[audio]
[more info]

 

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