Despite reports showing new firm creation has been declining for decades, Kauffman Foundation CEO Wendy Guillies argues that removing certain policy barriers to entrepreneurship can lead to robust economic growth. In a column published in the Ripon Forum, Guillies highlights five recommendations for how policymakers can improve conditions for new firms, thereby spurring jobs and innovations vital to a healthy economy.
Read an excerpt from the post below:
Helping Entrepreneurs Succeed
“Burdensome regulations for new and young businesses create a strong bias toward incumbent firms. Established firms sometimes seek out governmental protections under the guise of public good, but ultimately just crowds out new firm activity. Curbing startups means fewer young, high-growth firms – the businesses that drive job creation and productivity gains.”
Read about the five policy recommendations here.