The U.S. must increase the access to three elements help small businesses thrive and restore U.S. competiveness, according to a new report from the Center for Public Policy Innovation (CPPI) — Restoring U.S. Competitiveness: Creating Jobs and Unleashing the Potential of Small Businesses through Technology and Innovation. The key elements include:
- Access to Capital — Gaining access to capital is an obstacle for all small businesses. However, the U.S. must work to connect local startups with regional investors to boost local investments and make the capital gains tax exemption permanent for investors in qualified small businesses.
- Access to Modern Technology — U.S. small business must have access to cloud computing, mobile technologies and virtual global supply chains to invest more into their products, to collaborate on a global scale and to expand their presence to foreign markets.
- Access to Global Markets — The U.S. government must make existing programs, that help domestic small business enter foreign markets, easier to find and navigate.
To read the full, original article click on this link: SSTI - SSTI Weekly Digest
