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Guidelines for Local and State Governments to Promote Entrepreneurship
Report

Guidelines for Local and State Governments to Promote Entrepreneurship

Yasuyuki Motoyama and Jason Wiens
Kauffman Foundation, 2015
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Editorial Rating

7

Qualities

  • Analytical
  • Concrete Examples
  • Insider's Take

Recommendation

Entrepreneurship fuels innovation, leads to job creation and drives overall productivity, but despite efforts from local and state governments, the rate of entrepreneurship in the US is declining. Yasuyuki Motoyama and Jason Wiens, researchers at the Ewing Marion Kauffman Foundation, take a critical view of the efficacy of public venture funds and incubators and provide guidelines on how local governments could better support new businesses. getAbstract recommends this paper to investors, policymakers and public officials concerned about US entrepreneurship.

Take-Aways

  • Governments have encouraged entrepreneurial development primarily by creating public venture funds and business incubators. However, these methods are inept at supporting start-ups.
  • Instead, policy makers and local governments must facilitate meaningful connectivity between entrepreneurs and investors.
  • Local governments ought to revamp traditional public venture funds and business incubators to make them more conducive for networking and learning.

About the Authors

Yasuyuki Motoyama is a director in research and policy at the Ewing Marion Kauffman Foundation, where Jason Wiens is a policy director in research and policy.

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