I suggest that entrepreneurs that are interested in providing a product or service be encouraged to work on their idea. My experience with entrepreneurs in general is that they only wish to make money. Profit is important to all business but profit at any cost results in more poverty, abuse of employees, and inferior products. Sincerely Harry Hansen
Make it easier for foreign entrepreneurs to relocate to the US or for foreign students to stay in the US and start companies. See Act here: http://kerry.senate.gov/press/release/?id=4e6a51f6-fb2b-4212-b299-b0c46c7e6b58
Reduce capital gains tax rates to allow previously successful entrepreneurs and investors to funnel more private capital back into new high-growth start ups. This will reduce the cost of capital for new, high growth start ups -- allowing more entrepreneurs to test more ideas.
Lower the effective capital gains tax rate by accelerating the write off of passive losses.
Consider re-organizing all federal and public assets dedicated to new business development and job creation into a single agency. Avoid redundancy between EDA and SBA. For example, EDA recently announced its new web site for business development and job creation. http://www.eda.gov/NewsEvents/PressReleases/20110511_Albuquerque_RIAN
Create national entrepreneurship program.
Mission: Create 1,000,000 new entrepreneurs within the next four years
Program: Education, Mentoring, Funding, and Development of new entrepreneurs.
Follow through with funding and development of new ideas on behalf of these entrepreneurs that matter to our nation
Encourage venture labor investments in early stage startup businesses that are operating within a non-profit organization that is established to facilitate new business development initiatives. Employed, displaced and retired professionals who may be interested in a particular early stage startup business could invest their time, not their money, on a part time basis in an early stage startup business. Venture labor ...more »
Secure patentability rights while allowing publication and commercialization of claims and trade secrets prior to submitting a patent application. Use the provisonal patent application database as a trade secret database [e.g., a Trade Secret Bank] that is searchable by a community of qualified members of the Bank who demonstrate that they will not use the information in the Bank for any purpose except to enter into ...more »
Accelerate the implementation of a voluntary national identity authentication system.
One of the best ways to get venture capital to companies with high growth potential is the SBIC Program. However, the Debenture program does not work for early stage investments where the company needs to put all of its capital into growth rather than into debt service. SBA should develop and implement a workable alternative to the Participating Securities program that allows venture capital funds to make early stage ...more »
To avoid unintended consequences oaf government regulation on entrepreneurs consider requiring an "entrepreneurial impact statement". Entrepreneurs don't have time to lobby - asking the impact before acting will help reduce the erection of new barriers.
I suggest you allow entrepreneurs to invest proceeds from the sale of ANY asset into their business either without paying capital gains taxes or by deferring those taxes until the sale of the business. This would allow transfer of proceeds from real estate or other appreciated assets into job creating businesses without penalty. It would be simple to do by modifying one paragraph in the tax code, and it would add millions ...more »
I suggest you have the SEC allow regulation-exempt public stock offerings when the maximum individual investment is less than or equal to $100.00: http://crowdfundinglaw.com/. This would allow any entrepreneur to do a public offering for tiny investments, aka “crowdfunding”. Of course, this group of investors would then meet the prior existing relationship for other regulated private offers.
In 8 CFR 204.6(i), change allowable locations for companies receiving $500,000 or $1,000,000 through the EB-5 program.
Currently $500,000 is only applicable to new enterprises in Targeted Employment Areas.
Make $500,000 and $1,000,000 investments available in non-TEAs, since TEAs are so embedded and interwoven with the rest of communities. (Unemployment is high and uneven between contiguous census tracts.)
Consolidate all the best ideas as well as all the orgnanizations who are engaged in economic development across the country into a single national network of collaborators who are all linked together by a single web site that is establish as the national eco-system for entrepreneurship and innovation.
Tax incentives for existing and new businesses that encourage growth through additional investment and hiring.
The Federal Government must streamline it's contracting and contract management process and provide incentives to Contracting officers. There is no incentive for Contracting Officers to work with Small Businesses or Entrepreneurs. By hiring large firms and place a clause in their contract to work with small businesses, it takes the pressure off of the government to work with SBAs.
Provide Multi-Year Funding to Support Creation and Operation of Regional Centers for Medical Device Innovation: Goal: Accelerate product development of new medical device products based on University technologies as well as technology originating in the entrepreneurial community by bringing together in one location the key infrastructure needed to rapidly move new medical devices and new medical technologies to market. ...more »
I suggest you provide access to Capital and Contracts. There have have several promising initiatives designed to give out loans and credit to Small Businesses. Each Bank should have to divulge how many applicants have applied, been rejected, and approved. Although that data is being collected what is being done to ensure Small Businesses aren't being unnecessarily rejected? Small Businesses need contracts to generate ...more »
In my opinion, all industries" data (at all levels - local, regional...) should be generated "real time" and it should be disseminated to all parties(citizens, organizations, companies, start ups...) for free. This is a big task for one organization for large economy and a large geography like ours and and I believe, all universities across the country could collaborate and achieve this.
It was a pleasure to be involved with the White House sponsored Start Up America: Reducing Barriers Roundtable in Pittsburgh on April 28. Pittsburgh was one of eight cities nationally to host the Roundtable event. The Pittsburgh Roundtable was the only city of the eight to include manufacturing as one of the breakout sessions. The inclusion of the manufacturing session is thanks to the efforts of Tom Henschke of SMC ...more »
Make repossessed properties available to entrepreneurs with sound business plans before the general public and already-established large businesses. Finding a place to make your business idea a reality in the most economical fashion is not an easy task. If the SBA could have auctioning rights over some such properties, things may be easier, cheaper, and more streamlined as yet another aspect of startup could be taken ...more »
Make a wealth of online journals, news agencies, and other business-related publications accessible to members free of charge, or at least cheap. In college, I had access to all such information, and the cost was rolled into my tuition. A contributing member of the SBA would benefit greatly from access to demographic, geographic data and trend information in their planning stage as well as in their ability to stay ahead ...more »
"REINSTATE THE GLASS-STEAGALL ACT of 1933." Then just let Nature take its course… “That’s all!” You can pay yourself $100K Bonus and retire on your pension now… The Simplest Fix is simply to REINSTATE THE LAW (Glass-Steagall), and that will do "EVERYTHING...!" However, there is NO WAY that President Obama or the “SBA” has the ability or strength to buck the $300MILLION in Bribes that the Lobbyists paid to Repeal ...more »
Make it easier to hire the first one or two employees. For the busy freelancer or 1 person business the expense of hiring full-time (not subcontract) help can be a deterrent, yet in order to achieve a more solid workforce we need to be able to hire each other. A business person who has more business than they can handle needs a hand getting those first few employees in, which will allow them to take the business to ...more »