Entrepreneurship

Summary:

Entrepreneurship is the process of bringing an idea to life and sharing it in the marketplace. The principal sources of innovation and job creation are new, young, and growing companies, responsible for nearly all of the net new job creation in the U.S. economy. As a result, entrepreneurship cannot be considered an afterthought. Whatever one’s politics, it is a national priority.

Having finally recovered from the Great Recession, the national entrepreneurship rate is at its highest level in two decades. The purpose of this page to gather the best thinking on what can be done to keep it growing. Declines in entrepreneurship reduce productivity and job formation – and with them economic growth, wages, and living standards for all Americans.

Recent research suggests that policymakers seeking to promote entrepreneurship in their city or state achieve the best results when they turn from past strategies and embrace a new economic model that recognizes the changing nature of work and need for an educational system that supports it. Steve Jobs put this concept simply. “Let’s go invent tomorrow,” he said, “rather than worrying about what happened yesterday.”

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