With venture capital funding at its highest levels in ten years, strong growth in angel investment, astronomically high startup valuations, and the proliferation of business accelerators and incubators, entrepreneurship in America is buzzing. However, research has found that new firm entry rates are actually falling and young firms are closing at higher rates than before.
Kauffman Foundation Vice President of Research & Policy Dane Stangler asserts that such decreasing dynamism and stagnant entrepreneurship demand action. In an article featured on RealClearMarkets.com, he explains why the United States needs an entrepreneurial renewal and offers four things policymakers can do to help lead the way.
Read an excerpt of the post below.
How the U.S. Can Revive Its Entrepreneurial Vigor
American entrepreneurship has never been stronger, right? Unfortunately, it doesn't appear that way.
Everywhere you look, it seems—despite the verbal homage paid to entrepreneurs by policymakers and Fortune 500 CEOs and a rise in the general consciousness about entrepreneurship—the economy is getting less entrepreneurial, less dynamic, and thus less productive.
What can be done about this? Policymakers, by looking for ways to release entrepreneurial energy, can help spark economic renewal. Here are a few areas they can start.
Read the rest of the post on RealClearMarkets.com.