GCF 2012“The Entrepreneurship Imperative”

21-24 January 2012

Chad EvansSenior Vice PresidentCouncil on Competitiveness

Why is Entrepreneurship Critical?

U.S. Snapshot: Silver Lining– The United Stated Is One of the Easiest

Places to Start a Business

Source: World Bank, 2012 Doing Business

U.S. Snapshot: Silver Lining– The United Stated Is One of the Easiest

Places to Start a Business

Sources: Center for Venture Research, National Venture Capital Association, Small Business Administration

U.S. Snapshot: Storm Clouds

1. Calculated using U.S. Bureau of Labor Statistics Business Employment Dynamics data set. The annual number indicates the number of businesses less than one year old that were in existence in March of that year.

U.S. Snapshot: Storm Clouds

Source: U.S. Bureau of Labor Statistics

Start-Up to Scale-Up

Illustrative and signals bulk of investment focus. Exceptions can always be found.Source: Council on Competitiveness, Make: An American Manufacturing Movement

U.S. Snapshot: Public and Private Sector Response

Welcome New Firm Founders to the United States Who Could Build Scale Companies

Finance Scale Firms and Their Growth

Accelerate the Formation and Commercialization of New Ideas

Remove Barriers to Formation and Growth of Scale Businesses

Do Tax Cuts Reward Risk Takers?

From Alan B. Krueger, Chairman, Council of Economic Advisers (January 12, 2012) The Rise and Consequences of Inequality Data source: U.S. Bureau of Labor Statistics