user's avatar
Federal Government Encourages Entrepreneurship
Consumer financial services professional Harry Hedaya has spent the bulk of his 26-year career as an entrepreneur. Founder and owner of a number of companies since the mid-1990s, Harry Hedaya has been at the forefront of the changing face of business in the United States, where entrepreneurship and self-employment are a growing trend.

The Pew Research Center reported in 2015 that three in ten U.S. jobs are held by self-employed persons and the workers they hired. That translates to 44 million jobs or 30 percent of the national workforce, as of 2014. The Pew report said that government policymakers have a keen interest in entrepreneurship and its role in job creation.

That interest is borne out in federal initiatives, including the American Jobs Act, passed in 2011 to spur job growth by cutting payroll taxes, providing tax credits to businesses that hire unemployed veterans, and helping entrepreneurs and small businesses access capital through regulation reform. The White House initiative Startup America was launched in 2011 to facilitate the growth of entrepreneurship and small businesses by various means, including easing small business access to capital and reducing barriers to business startups. Startup America expands on the Jobs Act legislation.

Federal initiatives to promote and support entrepreneurship in the United States continue in 2016. The U.S. Small Business Administration recently held an entrepreneurship summit in Washington, D.C., to support female entrepreneurs in accessing capital and markets. The SBA also recently announced $1.5 million in grant funding for six Veterans Business Outreach Centers (VBOCs), in addition to the 13 already operational nationwide. VBOCs provide entrepreneurial training and related services to veterans, active-duty service members, reservists, and military spouses interested in starting small businesses.
Federal Government Encourages Entrepreneurship
0
24
0
Published:

Federal Government Encourages Entrepreneurship

Consumer financial services professional Harry Hedaya has spent the bulk of his 26-year career as an entrepreneur. Founder and owner of a number Read More
0
24
0
Published: