Since the start of 2009, the U.S. unemployment rate has remained above 8 percent. Policymakers have proposed addressing this persistent joblessness through measures such as tax reform, increased infrastructure spending, and the recently enacted JOBS Act. Proponents argue the JOBS Act will encourage entrepreneurship by reducing regulations for young firms and expanding their financing options, while others are wary of potential harm to investors.
Entrepreneurship is a primary contributor to job creation and sustainable economic growth, and policies affecting innovation and startup financing have wide ramifications. New firms are often responsible for disruptive products and services that launch entirely new markets and spur employment in high wage industries such as biotech and IT. High-tech startups benefit from innovation clusters such as Silicon Valley, which bring together leading firms, institutions, and venture capitalists, and accelerate job growth in these regions.
To read the full, original article click on this link: U.S. Entrepreneurship and Venture Capital - Council on Foreign Relations
