Difference between revisions of "Entrepreneurship and the 2016 Election (Blog Post)"
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:In light of this information deficit, growing concerns over the future of entrepreneurship have been amassing, as demonstrated at the Kauffman Foundation's 2016 State of Entrepreneurship [http://www.gvhlive.com/gvh-daily/2016/2/23/is-entrepreneurship-at-risk-in-the-2016-election Address]. While specific candidate platforms have not been announced in regards to entrepreneurship, three of the main policy areas discussed in the election; Health Care, Immigration, and Economic Regulation, all directly relate to the prosperity of an American entrepreneurship ecosystem. Through an analysis of Clinton and Trump's statements in these three topic areas, a better understanding of the potential post-2016 futures of entrepreneurship may come to light. | :In light of this information deficit, growing concerns over the future of entrepreneurship have been amassing, as demonstrated at the Kauffman Foundation's 2016 State of Entrepreneurship [http://www.gvhlive.com/gvh-daily/2016/2/23/is-entrepreneurship-at-risk-in-the-2016-election Address]. While specific candidate platforms have not been announced in regards to entrepreneurship, three of the main policy areas discussed in the election; Health Care, Immigration, and Economic Regulation, all directly relate to the prosperity of an American entrepreneurship ecosystem. Through an analysis of Clinton and Trump's statements in these three topic areas, a better understanding of the potential post-2016 futures of entrepreneurship may come to light. | ||
| − | :Health Care regulation, specifically the [Affordable Care Act|Patient Protection and Affordable Care Act], also known as "Obamacare," has been accused of [http://www.investors.com/liberal-study-finds-obamanomics-killed-the-american-entrepreneur/ "killing"] small business. A 2012 [http://www.gallup.com/poll/152654/health-costs-gov-regulations-curb-small-business-hiring.aspx Gallup] poll of small business owners found that nearly half of small business owners point to potential healthcare costs (48%) and government regulations (46%) as reasons why they are NOT hiring new employees. In spite of this survey, the 2009-2015 head of the Congressional Budget Office, [http://obamacarefacts.com/obamacare-small-business/ Douglas Elmendorf], and [http://obamacarefacts.com/obamacare-small-business/ John Arensmeyer], founder and CEO of the Small Business Majority, have both released statements questioning any long-term negative | + | :Health Care regulation, specifically the [Affordable Care Act|Patient Protection and Affordable Care Act], also known as "Obamacare," has been accused of [http://www.investors.com/liberal-study-finds-obamanomics-killed-the-american-entrepreneur/ "killing"] small business. A 2012 [http://www.gallup.com/poll/152654/health-costs-gov-regulations-curb-small-business-hiring.aspx Gallup] poll of small business owners found that nearly half of small business owners point to potential healthcare costs (48%) and government regulations (46%) as reasons why they are NOT hiring new employees. In spite of this survey, the 2009-2015 head of the Congressional Budget Office, [http://obamacarefacts.com/obamacare-small-business/ Douglas Elmendorf], and [http://obamacarefacts.com/obamacare-small-business/ John Arensmeyer], founder and CEO of the Small Business Majority, have both released statements questioning any long-term negative effects of the Affordable Care Act and have even suggested that there will be benefits. Little conclusive evidence has been found on the effects of the Affordable Care Act on small business one way or the other. |
:Immigration has been highlighted by the [http://sbecouncil.org/2014/07/21/entrepreneurship-immigration-reform-and-the-economy/ Small Business & Entrepreneurship Council] as a key issue in small business and entrepreneurship. The council cites a 2012 [https://www.sba.gov/sites/default/files/rs396tot.pdf report] from the [Small Business Administration] that reveals higher rates in business ownership, business formation, business exportation among the U.S. immigrant population as compared to the non-immigrant population. The council further quotes a 2014 Kauffman Foundation [http://www.kauffman.org/~/media/kauffman_org/research%20reports%20and%20covers/2014/04/kiea_2014_report.pdf report] in saying that "Immigrants were nearly twice as likely to start businesses each month as were the native-born in 2013," as well as [https://www.sba.gov/blogs/nation-immigrants-and-entrepreneurs Karen Gordon Mills], the former Administrator of the U.S. Small Business Administration, as saying: “In 2011 alone, immigrants started 28 percent of all new U.S. businesses, despite accounting for only 13 percent of the U.S. population." The array of above testimony seems to imply that a healthy intake of immigrants is an important component in a healthy entrepreneurship ecosystem. | :Immigration has been highlighted by the [http://sbecouncil.org/2014/07/21/entrepreneurship-immigration-reform-and-the-economy/ Small Business & Entrepreneurship Council] as a key issue in small business and entrepreneurship. The council cites a 2012 [https://www.sba.gov/sites/default/files/rs396tot.pdf report] from the [Small Business Administration] that reveals higher rates in business ownership, business formation, business exportation among the U.S. immigrant population as compared to the non-immigrant population. The council further quotes a 2014 Kauffman Foundation [http://www.kauffman.org/~/media/kauffman_org/research%20reports%20and%20covers/2014/04/kiea_2014_report.pdf report] in saying that "Immigrants were nearly twice as likely to start businesses each month as were the native-born in 2013," as well as [https://www.sba.gov/blogs/nation-immigrants-and-entrepreneurs Karen Gordon Mills], the former Administrator of the U.S. Small Business Administration, as saying: “In 2011 alone, immigrants started 28 percent of all new U.S. businesses, despite accounting for only 13 percent of the U.S. population." The array of above testimony seems to imply that a healthy intake of immigrants is an important component in a healthy entrepreneurship ecosystem. | ||
Revision as of 14:36, 7 June 2016
| Entrepreneurship and the 2016 Election (Blog Post) | |
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Abstract
- After a powerful 60-40 victory over fellow Democratic nominee Bernie Sanders in Puerto Rico this past Monday, supplemented with an additional wave of support from super-delegates, CNN declared Hillary Clinton the presumptive nominee for the Democratic party. She now joins presumptive Republican nominee Donald Trump on still highly-contested and now highly predictable November 2016 presidential ballot. Over the course of the election, both presumptive candidates have remained, with the exception of Hilary's recent and non-specific issue page on small business, silent and non-committal on the topics of entrepreneurship and small business policy.
- In light of this information deficit, growing concerns over the future of entrepreneurship have been amassing, as demonstrated at the Kauffman Foundation's 2016 State of Entrepreneurship Address. While specific candidate platforms have not been announced in regards to entrepreneurship, three of the main policy areas discussed in the election; Health Care, Immigration, and Economic Regulation, all directly relate to the prosperity of an American entrepreneurship ecosystem. Through an analysis of Clinton and Trump's statements in these three topic areas, a better understanding of the potential post-2016 futures of entrepreneurship may come to light.
- Health Care regulation, specifically the [Affordable Care Act|Patient Protection and Affordable Care Act], also known as "Obamacare," has been accused of "killing" small business. A 2012 Gallup poll of small business owners found that nearly half of small business owners point to potential healthcare costs (48%) and government regulations (46%) as reasons why they are NOT hiring new employees. In spite of this survey, the 2009-2015 head of the Congressional Budget Office, Douglas Elmendorf, and John Arensmeyer, founder and CEO of the Small Business Majority, have both released statements questioning any long-term negative effects of the Affordable Care Act and have even suggested that there will be benefits. Little conclusive evidence has been found on the effects of the Affordable Care Act on small business one way or the other.
- Immigration has been highlighted by the Small Business & Entrepreneurship Council as a key issue in small business and entrepreneurship. The council cites a 2012 report from the [Small Business Administration] that reveals higher rates in business ownership, business formation, business exportation among the U.S. immigrant population as compared to the non-immigrant population. The council further quotes a 2014 Kauffman Foundation report in saying that "Immigrants were nearly twice as likely to start businesses each month as were the native-born in 2013," as well as Karen Gordon Mills, the former Administrator of the U.S. Small Business Administration, as saying: “In 2011 alone, immigrants started 28 percent of all new U.S. businesses, despite accounting for only 13 percent of the U.S. population." The array of above testimony seems to imply that a healthy intake of immigrants is an important component in a healthy entrepreneurship ecosystem.
- Economic regulation, in a similar vein to healthcare reform, has been purported as a cause for the decline in small business. A 2015 report from the Center for Regulatory Solutions Karen Kerrigan, the president & CEO of the Small Business & Entrepreneurship Council, suggests that a general streamlining and reduction the United States' economic regulations would help the growth of small business. The 2016 New Entrepreneurial Growth Agenda published by the Kauffman Foundation, proposes that reform in small business regulation and an decrease in regressive "barrier" regulation is the key to small business growth. Across both theories little empirical evidence exists to show the effects of regulation on small business and rather are generated through the studies and opinions of experts in the field.
