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2012 State of Entrepreneurship Address: "A Roadmap for State Growth"

2012 State of Entrepreneurship Address: "A Roadmap for State Growth"

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At the 2012 State of Entrepreneurship Address, held February 9, 2012, Ewing Marion Kauffman Foundation interim president and CEO Benno C. Schmidt, along with National Governors Association (NGA) leaders Nebraska Governor Dave Heineman and Delaware Governor Jack Markell, called for state and local government policy changes to foster entrepreneurship and accelerate economic growth. During the third annual address, titled "A Roadmap for State Growth," Schmidt focused on reducing state and local legal and regulatory barriers to startups and young companies, which play a significant role in U.S. new job creation.
At the 2012 State of Entrepreneurship Address, held February 9, 2012, Ewing Marion Kauffman Foundation interim president and CEO Benno C. Schmidt, along with National Governors Association (NGA) leaders Nebraska Governor Dave Heineman and Delaware Governor Jack Markell, called for state and local government policy changes to foster entrepreneurship and accelerate economic growth. During the third annual address, titled "A Roadmap for State Growth," Schmidt focused on reducing state and local legal and regulatory barriers to startups and young companies, which play a significant role in U.S. new job creation.

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Published by: The Ewing Marion Kauffman Foundation on Feb 13, 2012
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10/02/2012

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Address
EntrEprEnEurship
statE of
2012
February 9, 2012
 
©2012 by the Ewing Marion Kauffman Foundation. All rights reserved.
 
STATE OF ENTREPRENEURSHIP ADDRESS | A ROADMAP FOR STATE GROWTH | FEBRUARY 9, 2012
 1
Good aternoon, and thank you all or coming today.It’s a great honor to be delivering this year’s State oEntrepreneurship address. I am aware that I am ollowingin the very large ootsteps o Carl Schramm. He madecountless contributions to the Kauman Foundation duringhis nearly ten years as President and CEO, and none biggerthan advancing rigorous scholarship and debate aboutentrepreneurship and its central connection to economicgrowth.That scholarship continues, and today the Foundationis releasing two reports—one lays out an agenda orstate-level policymakers to oster entrepreneurship, andthe other showcases barriers to entrepreneurship imposedby state and local governments. These papers build onpast scholarship sponsored by the Kauman Foundation,including an important book released at last year’s Stateo Entrepreneurship event called
Rules for Growth
, whichocuses on promoting innovation and growth through legalreorms, primarily aimed at the ederal level, but also someat state and local governments.Much o the material in the two papers releasedtoday is ocused on the law, which makes it particularlyinteresting to me. Some years ago—more than I care toadmit—I was a law proessor at Columbia and, later, thelaw school’s dean. Through those experiences, I developedsome understanding o the intersection between law andeconomics, and how the two disciplines can complement—and conict with—each other. Today I will highlight some othe conicts, and draw on the papers to lay out a roadmapor helping states, in particular, oster entrepreneurialgrowth.We’re ortunate to have with us today two individualswho are well positioned to initiate reorms at the state level.One is the Governor o Nebraska, Dave Heineman, who alsoserves as chairman o the National Governors Association.The other is the Governor o Delaware, Jack Markell, whois vice chair o the NGA. We’re looking orward to hearingrom them later.There are a number o reasons why our ocus onentrepreneurship, which up to now has been aimedprimarily at ederal policymakers, has turned to the stateand local level. I’ll emphasize two. First, with gridlock inWashington, states and localities have more opportunitiesor reorm and ewer institutional obstacles. Second, ourscholars’ discussions with entrepreneurs turned up a fndingthat will be surprising to some—it’s state and local lawsand regulations that matter to them as much, or more, thanederal statutes do.Like so many other sectors o the U.S. economy, therehas been a downturn in entrepreneurship over the past ew
Third Annual
State o Entrepreneurship Address“A Roadmap or State Growth”
 The National Press Club, Washington, DCFebruary 9, 2012
By Benno C. Schmidt,Interim President and CEO, Ewing Marion Kauffman Foundation

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