Summary of Guidelines for Local and State Governments to Promote Entrepreneurship

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Guidelines for Local and State Governments to Promote Entrepreneurship summary
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7 Innovation

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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.

In this summary, you will learn

  • Why existing public venture funds and business incubators are inept at promoting entrepreneurship;
  • Why creating local connections between entrepreneurs and entrepreneurship support organizations is important; and
  • What local governments and policymakers can do to make public venture funds, incubators and the regulatory environment more conducive for entrepreneurship.
 

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.

 

Summary

State and local governments typically try to encourage entrepreneurs by creating public venture funds and business incubators, methods meant to offer access to capital. However, research shows that these approaches are inept at supporting start-ups. Instead, policymakers should focus their efforts on...

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