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Innovation

Commercializing new ideas is the basic craft and contribution of entrepreneurs. Innovation can come from entrepreneurs’ imagination, through experimentation, or as the result of scientific inquiry and discovery.

Whether developing a new product, or developing, marketing, distributing, or delivering existing products in a new way, commercializing new ideas are the essence of innovation, which drives productivity gains and economic growth, and creates jobs, wealth, and opportunity.

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Talent

World-class talent is essential to turn great new ideas into viable products and services, identify and cultivate new markets, and build great businesses.

Entrepreneurs create new jobs but are often unable to find candidates with the required skills. The U.S. education system is failing to meet the skill needs of 21st-century businesses, and America’s immigration policies fail to recognize that the competition for innovative talent is global.

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Capital

Capital is the lifeblood of any new business.

Entrepreneurs need capital to further develop their product or service idea, research the marketplace, hire employees, and develop and implement a strategy for identifying and targeting customers.

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Regulation

Regulation is essential to healthy market economies, but it isn’t free or without consequence.

The stifling effect of regulatory burden, complexity, and uncertainty is particularly challenging for fragile startups, which lack the resources and scale of larger firms over which to absorb and amortize the costs of compliance.

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Taxes

The U.S. tax code presents a number of obstacles for startups – obstacles that can be the difference between survival and failure.

The current tax code penalizes businesses with early-stage losses, discourages investors from backing new ventures, and impedes the growth of promising young companies.

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