Washington, D.C. (PRWEB) February 05, 2013
Despite recent innovations in entrepreneurial finance, particularly at the early stage of business creation, many new and young companies continue to face hurdles to acquire capital. The Kauffman Foundation today addressed current challenges and opportunities in financing entrepreneurial growth, a key driver of job creation and economic expansion, at its fourth annual State of Entrepreneurship Address. The event featured remarks from Small Business Administrator Karen Mills, U.S. Senator Jerry Moran and Kauffman President and CEO Tom McDonnell.
“The good news is that there is a national consensus that encouraging entrepreneurship can help revive our sluggish economy, and the challenging environment for acquiring capital has sparked tremendous innovations in finance,” McDonnell said. “But for the financing innovations to pay dividends, there will need to be a variety of regulatory reforms, particularly related to the country’s capital markets, on both the debt and equity side. We are presenting recommendations today that will help to do just that.”
In his address at the National Press Club in Washington, McDonnell offered policy recommendations to increase financing of entrepreneurial ventures that are featured in a paper on the same topic. Key recommendations include:
Robert Litan, director of research at Bloomberg Government, moderated a discussion exploring the role of capital in jumpstarting America's entrepreneurial engine with a panel of experts in financing entrepreneurs:
Downloadable video of today’s address and panel discussion, which was webcast, compliments of Bloomberg TV, from the National Press Club in Washington, will be posted at http://www.kauffman.org/financegrowth.
About the Kauffman Foundation
The Ewing Marion Kauffman Foundation is a private, nonpartisan foundation that aims to foster economic independence by advancing educational achievement and entrepreneurial success. Founded by late entrepreneur and philanthropist Ewing Marion Kauffman, the Foundation is based in Kansas City, Mo. For more information, visit http://www.kauffman.org, and follow the Foundation on http://www.twitter.com/kauffmanfdn and http://www.facebook.com/kauffmanfdn.