Center for American Entrepreneurship Statement on Silicon Valley Bank
March 12, 2023
WASHINGTON, D.C. – The Center for American Entrepreneurship (CAE) is carefully monitoring circumstances surrounding the failure of Silicon Valley Bank (SVP) and the potential implications for the nation’s startup ecosystem. While SVB’s shareholders and other investors should bear the consequences of the bank’s failure, CAE urges policymakers and regulators to take all necessary steps to ensure the continued viability of the new and small businesses impacted by the crisis and the tens of thousands of employees who drive our nation’s entrepreneurial ecosystem.
Repeated research has demonstrated the critical importance of startups to innovation, economic growth, job creation, and opportunity expansion, and, therefore, resolution of SVB must be accomplished in ways that protect America’s vital innovation economy.
About the Center for American Entrepreneurship
The Center for American Entrepreneurship (CAE) is a nonpartisan research, policy, and advocacy organization whose mission is to engage and educate policymakers in Washington and across the nation regarding the critical importance of entrepreneurs and startups to innovation, economic growth, and job creation – and to pursue a comprehensive policy agenda intended to significantly enhance policy circumstances for new business formation, survival, and growth.
For more information, visit www.startupsUSA.org
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