[FoRK] Kauffman’s Startup Act

Stephen Williams sdw at lig.net
Fri Oct 14 10:40:14 PDT 2011

> The Kauffman Foundation has created a "Startup Act" proposal to jump-start the ailing U.S. economy and increase job creation 
> by accelerating the growth of startups and young businesses.
> The Startup Act focuses the attention of citizens and policymakers on the central role that high-growth startups must play to 
> assure continued U.S. economic strength. The benefits of startups are well-established: Virtually all of the growth in U.S. 
> jobs has been driven by the formation of firms less than five years old, and these new firms have been disproportionately 
> responsible for commercializing the cutting-edge innovations that characterize modern life.
> The act was unveiled at the National Press Club in Washington on July 19, 2011, by Kauffman President and CEO Carl Schramm and 
> Vice President of Research and Policy Robert Litan, followed by videotaped remarks from House Majority Leader Eric Cantor 
> (R-VA) and Senator Jon Tester (D-MT).
> The Startup Act references recent *Kauffman data* 
> <http://www.kauffman.org/newsroom/new-firms-are-generating-and-holding-onto-substantially-fewer-jobs.aspx> that found that 
> while more firms than ever have been created each year since the last recession began, the numbers of new firms with employees 
> continues to drop—and this is a trend that pre-dates the recession.
> Specific changes in government policy that the Startup Act proposes include:
>   * Welcoming immigrants capable of building high-growth companies to the United States by providing "Entrepreneurs' visas"
>     and green cards for those with degrees in science, technology, engineering and math.
>   * Providing new firms with better access to early-stage financing, creating capital gains tax exemptions for long-held
>     startup investments, providing tax incentives for startup operating capital, facilitating access to public markets, and
>     allowing shareholders of companies with market cap below $1 billion to opt-in under the Sarbanes-Oxley Act.
>   * Accelerating the formation and commercialization of new ideas by creating differential patent fees to reduce the patent
>     backlog and providing licensing freedom for academic innovators.
>   * Removing barriers to the formation and growth of businesses through the introduction of automatic ten-year sunsets for all
>     major rules, establishing common-sense and cost-effective standards for regulations, and making assessments of state and
>     local startup and business policies.
> Job creation is a nonpartisan issue, and the Startup Act aims to educate policymakers on all sides of the political spectrum 
> about the need for comprehensive legislation aimed at helping startups.

Generally, looks good.


-------- Original Message --------
Subject: 	U.S. Sen. Moran discusses Kauffman’s Startup Act on Senate floor
Date: 	Fri, 14 Oct 2011 11:25:26 -0600
From: 	Kauffman Foundation <opticast at kauffman.org>
To: 	<sdw at lig.net>

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*U.S. Sen. Jerry Moran Discusses
Kauffman Foundation Startup Act on Floor of Senate*

/Senator cites Kauffman's Startup Act provisions as model for creating an environment that will encourage new businesses to 
create jobs/

U.S. Senator Jerry Moran (R-Kan.) vowed to introduce new legislation that would create an environment for new firms to start, 
grow, and create jobs in a speech delivered on the floor of the U.S. Senate yesterday. Citing many of the ideas in the Kauffman 
Foundation's Startup Act of 2011 
Moran presented "pro-growth principles" that he said would give job creators the confidence to hire more people, including:

•    Removing barriers to entrepreneurial growth

•    Moving research for the university lab to the marketplace

•    Attracting and retaining entrepreneurial talent

•    Encouraging pro-growth policies at the state and local levels

Kauffman's Startup Act is a set of non-partisan ideas to jump-start the ailing U.S. economy and increase job creation by 
accelerating the growth of startups and young businesses.

Watch the Senate-floor speech here 

Ewing Marion Kauffman Foundation 
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