The Emporia Gazette
June 21, 2012
The Kansans I talk to every week back home want to know how Congress is going to address our country’s economic challenges and help create jobs for Americans.
But in Washington, “conventional wisdom” says Congress does little during an election year. With 40 consecutive months of unemployment above 8 percent, and half of all college graduates unable to find work, the time to act is now – not after the election, not next year.
The good news is there is a bipartisan plan in Congress, called Startup Act 2.0, which will help jumpstart the economy through the creation and growth of new businesses. Entrepreneurs and the businesses they create are vital to the strength and competitiveness of the U.S. economy. Research by the Kauffman Foundation in Kansas City found that nearly all net new job creation in the United States between 1980 and 2005 came from companies less than 5 years old. In fact, new businesses create approximately 3 million jobs each year.