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New advocacy org to push policies that support entrepreneurship for U.S. economic growth

By Jesse Schwartz
Published: August 2nd, 2017

A new, nonpartisan advocacy organization has been launched to engage policymakers in Washington, as well as those at the state and local levels, about the major impact of entrepreneurship and start-ups on US economic growth and job creation.

The core mission of the Center for American Entrepreneurship (CAE) is to pursue a comprehensive policy agenda designed to significantly enhance conditions for the formation, survival and growth of new companies.

“Research has demonstrated that start-ups are disproportionately responsible for the innovations that drive economic growth, and account for virtually all net new job creation,” says John R. Dearie, founding president of CAE and former policy director and CEO of the Financial Services Forum.

“Alarmingly, recent research has also indicated that start-up rates in America have fallen near a 30-year low, and that this decline is occurring in all 50 states and across a broad range of industry sectors. Given the importance of new businesses to economic growth, job creation and expanded economic opportunity, such circumstances are nothing less than a national emergency.”

According to Dearie, changes in public policy are critical to reversing the recent decline in startup activity. CAE has recruited a geographically diverse Board of Directors that includes active entrepreneurs, officials at some of the country’s most prominent start-up incubators, and accomplished academics who study the national impact of start-up activity.

“Improving opportunities for start-up formation, survival and growth is essential to innovation, economic growth and job creation in America,” says Blake Patton, venture capitalist, serial entrepreneur and chairman of the CAE Board of Directors. “The remarkable team at CAE looks forward to working with entrepreneurs and policymakers in Washington and across the country to achieve that critical goal.”

Source: Center for American Entrepreneurship

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