Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
SVLG Game Changers, Senators Moran and Coons

SVLG Game Changers, Senators Moran and Coons

Ratings: (0)|Views: 26 |Likes:
Published by Jerry Moran
In their third edition of “Game Changers,” the Silicon Valley Leadership Group selected 23 leaders from all sectors who are on the cutting edge. This section features Senators Jerry Moran (R-Kan.) and Chris Coons (D-Del.).
In their third edition of “Game Changers,” the Silicon Valley Leadership Group selected 23 leaders from all sectors who are on the cutting edge. This section features Senators Jerry Moran (R-Kan.) and Chris Coons (D-Del.).

More info:

Published by: Jerry Moran on Oct 04, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

10/09/2013

pdf

text

original

 
Sponsors
CHANGERS
GAME2014
Silicon Valley’s Economy
 
What do AT&T, Google and eBay all have incommon? Each was founded by animmigrant entrepreneur and is rankedamong America’s most successfulcompanies on the Fortune 500 list. In fact,more than 40 percent of the companies onthe Fortune 500 were founded by first-or second-generation Americans.From our nation’s earliest days, entrepreneurs have been a driving force behind U.S.economic growth and expansion. Research conducted by the Kauffman Foundationin Kansas City has shown that between 1980 and 2005, companies less than five yearsold accounted for nearly all the new job growth in the United States. Since the 1970’s,new firms have consistently created about 3 million jobs each year.Yet, the state ofentrepreneurship in Americatoday is not as strong as it oncewas. In 2010, more than 394,000new businesses were created inthe U.S.; the fewest number created in a single year since data collection began in1977. America once ranked among the top five countries in the world for “startupfriendliness,” but in recent years, the U.S. has dropped to 13th place. Other countrieshave begun to aggressively court entrepreneurs, offering incentives such as immediatepermanent residency and government investment to attract more job creators.America cannot afford to turn a blind eye to our competitors on an issue so critical toour country’s economic future. In the fall of 2011, with unemployment still above 8percent, we began looking for ways to spur growth in our economy. Givenentrepreneurs’ proven track record of success, we introduced legislation in 2012 to jumpstart the economy through the creation and growth of new businesses. We havesince strengthened the bill and introduced a new version called Startup Act 3.0 withbipartisan support from colleagues in both chambers of Congress.One of the greatest challenges facing startups is acquiring enough capital to get offthe ground and stay in business, so our bill allows startups to keep more of their hard-earned cash to speed up innovation. Research and development (R&D) is thecornerstone of any competitive business and young startups often invest heavily inresearch during the first few years. So our plan creates an R&D tax credit for startupswith less than $5 million in annual receipts and less than five years old. This credit willallow startups to offset some of the costs of bringing innovative products to market by
07Game Changers 2014
New firms haveconsistently createdabout 3 million jobseach year.America cannot afford toturn a blind eye toour competitors ...ByU.S. Senator Chris Coonsand U.S. Senator Jerry Moran
 
(
R-Kansas
 )(
D-Delaware
 )

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->