Today marks the one year anniversary of Startup America. To mark the occasion, there are 14 different regional events happening, the first being a Startup Virginia early breakfast meeting with Steve Case and Aneesh Chopra, and more, which is happening right down the street in Arlington, Virginia (we attended).
Other events will include a startup fair in Iowa, the launch of Startup Maryland, Vermont and Missouri, an idea summit for Startup DC, a fireside chat in Boston for Startup Massachusetts, anniversary events for Startup Illinois and Startup Florida, and more.
While for some of these states or regions, participation in Startup America will be more symbolic than anything else, the partnership has encouraged real grassroots action and engaged with many large companies that can help smaller companies along the way.
Perhaps most importantly, President Obama, Chairman Steve Case and other high-profile supporters have used the platform to encourage Congress to pass legislation aimed at jumpstarting more startups and high-potential small businesses in an effort to create jobs and grow the economy.
Part of Obama’s 2013 budget proposal, the legislation would enable new tax breaks, crowd funding opportunities and allow for high-skill immigration. Despite the hostile political environment in this election year, the package is expected to have bipartisan support, as it includes proposals in the Senate by Democrat Chris Coons of Delaware and Republican Marco Rubio of Florida (the AGREE Act), and another plan by Republican Jerry Moran of Kansas and Democrat Mark Warner of Virginia (the Startup Act), which was heavily based on research produced or funded by the Ewing Marion Kauffman Foundation that found that companies less than five years old were responsible for nearly all of the net jobs created in the United States between 1980 and 2005.
White House officials say President Barack Obama will call on Congress on Tuesday to pass legislation that, among other measures, would eliminate tax rates on capital gains for investments in small businesses and extend for a year the ability of all businesses to immediately deduct all of the costs of equipment and software purchases.
If enacted, The AGREE Act and the Startup Act could do the following:
“The president has made small businesses and particularly startups a key aspect of his economic growth agenda because he understands how much the newest and fastest-growing small businesses drive job growth in our economy,” said Gene Sperling, director of the White House National Economic Council.
Tech Cocktail is proud to be a part of the launch of Startup DC and are excited to see how this partnership can make a difference in the DC area and around the country. If you are an entrepreneur or run a startup you can go here to become a Startup America member.
Watch Scott Case, CEO of Startup America, and President Obama talk about the Startup America Partnership.
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