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Returning to Washington after a state / district work period, Congress picks up the immigration issue with a few hearings. The Joint Economic Committee has a two-part hearing on “Immigration and Its Contribution to Our Economic Strength” with witnesses from Americans for Tax Reform, Georgetown Public Policy Institute, Center for Immigration Studies and the American Enterprise Institute. The topic is also picked up in the Senate Committee on Commerce, Science and Transportation as it examines potential reforms suggested by the ‘Gang of Eight’. Meanwhile, other hearings are scheduled to cover support of minority women entrepreneurs, regulatory burdens and health insurance fees on small businesses, and exports to Africa.
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week.
Botswana is among Africa’s richest countries and the continent’s oldest functioning post-colonial, multi-party democracy. It has low taxes and a stable government that has been ranked as Africa's least corrupt. But it needs entrepreneurs.
Both houses of Congress are back in their home states and districts for a one week work period. They are scheduled to return to Washington next week.
Venture capital has an important role to play in the creation and growth of new firms—but let’s not get carried away. That is the primary message from a former VC in a new article in the Harvard Business Review. This shouldn’t come as a surprise to regular PDE followers, but there are a number of common misconceptions about the scope, performance and success rate of venture capital for startups.
Created in 2007 during the Bush Administration and reauthorized in 2010 by President Obama, the America COMPETES Act is up for another reauthorization as major provisions are set to expire in 2013. The original law authorized $33.6 billion in appropriations from 2008 - 2010 for programs and activities in physical sciences and engineering research as well as STEM education and more. The reauthorization in 2010 increased the amount to $45.6 billion.
Last week, we brought you the latest news from the venture capital industry. This week, we hear from the angels and the overall message is a bit more positive—at least that overall angel investing for 2012 was “stable with prior years.”
Several hearings on policies that impact entrepreneurial growth are scheduled for the week ahead with the biggest being the Senate Judiciary Committee’s look at potential immigration reform through The Border Security, Economic Opportunity, and Immigration Modernization Act, S.744. Appearing earlier today were representatives from a range of entities including Microsoft, Rochester Institute of Technology, and the Center for Immigration Studies. On Tuesday, U.S. Secretary of Homeland Security Janet Napolitano appears before the committee during a hearing of the same title. Other topics covered in hearings throughout the week include: next-generation computing and “big data analytics”, the SBA budget, STEM workforce, small business lending, the state of wireless communications and more.
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