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Current Entrepreneurship and Innovation Policies (view source)
Revision as of 16:31, 7 June 2016
, 16:31, 7 June 2016→Entrepreneurship
===Federal Policy===
Several policies affecting small businesses and entrepreneurship have been discussed in Congress. The following is a summary of some acts and policies that have a significant impact of entrepreneurship in the United States. For a comprehensive list of policies on entrepreneurship reports by the Senate Committee on Small Business and Entrepreneurship can be found [[Acts Reported on by the Senate Committee on Small Business and Entrepreneurship | here]].
*The '''Small Business Innovation Research (SBIR)''' is a program was introduced by the U.S. Congress in the early 1980's to enhance long term growth among small businesses. They offer grants to small businesses to financially boost the company's outlook and additionally assign the company's a sign of quality which consequently starts to attract further external investments.
*The '''Jumpstart Our Business Startups (JOBS) Act of 2012''' was enacted to provide looser security regulations for entrepreneurs and investors to allow for more funding and potential for success for startup businesses. Two specific provisions of the act are especially impactful for small businesses: Title II and Title IV. Title II indicates the increase in the number of potential investor that a company can communicate with in order to acquire funding. Title IV allows investors to put almost 10 times more funds into companies with much less restricted investing requirements.
