Given the momentum gained in 2010 to get policymakers thinking about entrepreneurship, it is reasonable to expect that America’s commitment to entrepreneurship will grow, especially once we see that commitment translated into concrete policy action. Of course, the hope is that those policy actions will be the right ones—inspiring confidence, building up decision-making around risk-taking and investing, spurring new enterprises built on innovative products and services, and along with it, job creation. With that sense of optimism, comes the vision of a global economy finally starting to shake free from a global crisis.
We’ve come a long way in the U.S. since the focus of economic policy was mostly on big business. The notion of entrepreneurial growth, and the increased understanding of the importance of young businesses is finally gaining track among policy and opinion leaders. A Republican-controlled House of Representatives will share power in Washington between Democrats and Republicans which bodes well for smarter policies around private sector job creation. The establishment of new entrepreneur-friendly institutions—such as the Office of Innovation and Entrepreneurship inaugurated at the Department of Commerce in early 2010, a Presidential Summit on Entrepreneurship and a Presidential proclamation during Global Entrepreneurship Week—may be mostly symbolic but they honor a nation’s entrepreneurs and the role they play as catalysts for creating new industries, businesses and jobs. They are steps to foster a culture where entrepreneurship is publicly appreciated and celebrated. They also represent the success of the efforts of those who are ushering in a new foundation for sustainable growth.
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Author: Jonathan Ortmans
