While established companies tend to shed employees, young businesses account for nearly all new job creation in the US. In a set of interviews, experts discuss Sens. Moran and Warner’s Startup Act—aimed at enhancing America’s entrepreneurial edge.
Companies less than 5 years old accounted for nearly all net job creation in the United States between 1980 and 2005. In fact, according to analysis conducted by the Ewing Marion Kauffman Foundation, new firms create on average approximately 3 million jobs each year. Based on these and other compelling numbers, two U.S. Senators, Jerry Moran (R-KS) and Mark Warner (D-VA) have authored bipartisan legislation intended to jumpstart the economy by targeting levers tied to entrepreneurship and the creation and growth of small businesses. Can it work? To address that question and more, we offer 4 perspectives in this editon of CONTEXT.
