Media Contact:
Michael Emerson Dirda, 212-277-4320, michael.dirda@edelman.com, Edelman
Wendy Guillies, 816-932-1046; wguillies@kauffman.org, Kauffman Foundation
As Nation Prepares for President's Jobs Speech Tonight, Kauffman's Carl Schramm Provides Answers in New Whiteboard Video
Another video also released illustrates how Kauffman's 'Startup Act' can create jobs
(Kansas City, Mo.), Sept. 8, 2011 – On the heels of a U.S. Department of Labor jobs report showing no net increase in jobs for the first time in 11 months—as well as an unwavering, high rate of unemployment—the Ewing Marion Kauffman Foundation released two videos today that illustrate how entrepreneurs drive the nation’s economy and how policymakers can help new firms start and grow.
In the first video, Kauffman Foundation President and CEO Carl Schramm narrates animated whiteboard drawings that illustrate the three vital contributions entrepreneurs make to the economy: They birth innovations, create jobs and produce all net new wealth in society.
In the second video, Schramm and Kauffman Vice President for Research and Policy Robert Litan outline how the Foundation’s proposed Startup Act can boost the U.S. economy through policies that pave the way for more businesses to start and grow. The Act focuses on four simple, low-cost solutions to achieving a strong and sustained economic recovery, including:
- Welcoming immigrants capable of building high-growth companies to the United States
- Providing new firms with better access to early-stage financing 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
- Removing barriers to the formation and growth of new businesses
Learn more about the Startup Act, and read the full proposal 
