United States official data and analysis by the Kauffman Foundation has shown that startups are responsible for nearly all of the net new job creation in the economy. The latest Entrepreneurship Policy Digest from Kauffman, The Dos and Don'ts of Local Entrepreneurship Promotion, now offers certain principles of a new, evidence-based, entrepreneur-centred approach visible at the state and local level to put entrepreneurs at the center.
For those embarking on entrepreneurship policymaking, for instance, there are two commonly-cited tactics to avoid:
For policymakers re-evaluating strategies to maximize chances of effectiveness, the Kauffman Foundation recommends considering the experiential and collaborative process that characterizes entrepreneurship.
At the same time, startup-savvy policymaking looks at ways to attract entrepreneurs to their locations. Here are some recommended strategies:
Finally, to enhance chances of startup growth, governments need to let entrepreneurs compete.
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