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The Small Business Advocate — February 2015

February 22, 2015 Comments off

The Small Business Advocate — February 2015 (PDF)
Source: U.S. Small Business Administration
From e-mail:

The Office of Advocacy has released the February 2015 issue of The Small Business Advocate newsletter. This edition features Advocacy’s newly released Small Business Profiles for the States and Territories, and includes the United States profile in full. In addition, the newsletter contains regulatory news and a summary of the Report on the Regulatory Flexibility Act FY 2014.

The Great Recession, Entrepreneurship, and Productivity Performance

February 18, 2015 Comments off

The Great Recession, Entrepreneurship, and Productivity Performance
Source: Federal Reserve Bank of Boston

I study the recent evolution of entrepreneurship in the United States . I find that there was a significant decline in entrepreneurship around the time of the Great Recession. However, I also find a recovery in recent years. I then link the evolution of entrepreneurship to productivity performance and find evidence of a positive association between the two variables.

Does Health Care Reform Support Self-Employment?

February 17, 2015 Comments off

Does Health Care Reform Support Self-Employment? (PDF)
Source: Federal Reserve Bank of Kansas City

Health insurance access can influence individuals’ labor market decisions. Some economists argue employer-provided health insurance may have deterred entrepreneurship, as self-employed individuals may have faced difficulties in obtaining coverage. As the Patient Protection and Affordable Care Act (PPACA) is gradually implemented, the reform might affect individuals’ decisions to become or remain self-employed.

Tüzemen and Becker examine a similar reform, the Massachusetts Health Care Reform Act, as a case study for the PPACA. They find the uninsured rate declined in Massachusetts following the reform for working-age individuals in general and for the self-employed in particular. Additionally, the self-employment share stayed flat in the state while declining in the rest of the nation. The authors conclude the reform may have supported self-employment in Massachusetts, and suggest the PPACA might have similar effects on the national self-employment share.

UK — Research and analysis: Report on small firms 2010 to 2015 by Lord Young

February 12, 2015 Comments off

Research and analysis: Report on small firms 2010 to 2015 by Lord Young
Source: Prime Minister’s Office, 10 Downing Street, Cabinet Office and Department for Business, Innovation & Skills

There are now a record number of small firms in the UK, 5.2 million, an increase of 760,000 since 2010, and a record number of people in work.

It finds that our changing relationship with the internet has brought down barriers to help people turn good ideas into viable businesses. The government has rolled out super-fast broadband to over 2 million UK homes and businesses. The increasing use of tablets and smartphones providing mobile internet access has made it easier for business owners to reach their customers and make sales.

The report charts a culture change; more people are choosing to be their own boss because of conviction in their own ideas. It also covers enterprise in education, changing public procurement, finance models and support for businesses, and includes case studies.

It also outlines how government policies providing more support for small firms and new enterprises have helped change the business environment over the past 5 years.

Tax Policy and Investments by Startups and Innovative Firms

February 11, 2015 Comments off

Tax Policy and Investments by Startups and Innovative Firms
Source: Urban Institute

Our tax system imposes widely varying tax rates on investments in different activities, favors debt over equity, and favors pass-throughs over corporations. Targeted tax incentives can lower the cost of capital for small businesses, startups, and those that invest in intellectual property. But those advantages are weakened, and sometimes eliminated, because businesses that invest in new ideas rely more on higher-taxed equity than do firms that focus on tangible investment and because startups are often limited in their ability to use tax deductions and credits. These limits can more than offset the benefit from tax incentives.

Entrepreneurship Rebounds Globally in 2014

February 9, 2015 Comments off

Entrepreneurship Rebounds Globally in 2014
Source: Babson College

High levels of entrepreneurial optimism, ambition, and innovation are vital to advancing economies according to The Global Entrepreneurship Monitor 2014 Global Report (pdf), which also found that entrepreneurship worldwide has recovered from The Great Recession.

​African economies showed the highest ability to perceive and pursue entrepreneurial opportunities with little fear of failure. In contrast, European Union nations are less optim​istic, see fewer opportunities, and are more uncertain about their skills in acting entrepreneurially.

Small Business Profiles for the States and Territories, 2014

February 5, 2015 Comments off

Small Business Profiles for the States and Territories, 2014
Source: U.S. Small Business Administration

The Office of Advocacy’s Small Business Profiles for the States and Territories are an annual analysis of each state’s small business activities. They provide information on small business employment, industry composition, small business borrowing, exporting, and survival rates, as well as business owner demographics. The profiles provide information for the 50 states, the District of Columbia, the U.S. territories and United States. Detailed historical data may be found in the Small Business Economy.

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