Kauffman Foundation Vice President of Research and Policy Dane Stangler addressed members of the Senate Committee on Small Business and Entrepreneurship about the future of American entrepreneurship on June 29, 2016.
Stangler discussed the long-term deficit in new business creation, which has led to slow employment recovery after the Great Recession. The United States is now producing fewer high-growth firms than the past and entrepreneurship is continuing to fall among young Americans.
Despite the decline in entrepreneurship, Stangler highlighted reasons for optimism about the nation’s entrepreneurial future, including technological changes leading to entrepreneurship in new sectors. Stangler made a number of policy recommendations to promote entrepreneurship, including streamlining government programs to support entrepreneurship, creating a startup visa for immigrant entrepreneurs and collecting new data to study entrepreneurship growth.
Read a full transcript of Stangler's remarks >