2010 State of Entrepreneurship Address

Carl Schramm, president and CEO of the Ewing Marion Kauffman Foundation, delivered the “2010 State of Entrepreneurship Address” on January 19, 2010, on the heels of alarming unemployment numbers and citing sobering new data that show a majority of American entrepreneurs do not expect to create jobs in 2010. He called on policymakers to make this cornerstone of American capitalism a priority.

During an event at the National Press Club in Washington, D.C. that included perspectives from entrepreneurs and remarks from U.S. Secretary of Commerce Gary Locke, Schramm underscored the importance of entrepreneurs to economic recovery, emphasizing that hundreds of new companies are being created each day.

Comments worth repeating from this speech and the panel:

• Reform immigration policy to accommodate founders (and investors) who will start new companies and create jobs.
• Revise Sarbanes-Oxley to allow company shareholders to make a choice based on the costs of compliance vs. the benefits.
• Provide a temporary payroll tax holiday to companies less than five years old.
• Give academic entrepreneurs the choice of multiple avenues to commercialize their research so their innovations can reach consumers more quickly.
• Offer fellowships for doctoral graduates in scientific fields to educate them about how to start companies.
• Provide entrepreneurship education and training to students in high school and college.
• Encourage universities with formal entrepreneurship programs to tenure ONLY those professors that have started a business