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Helping the Small Business Comeback

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  • Description

    Kauffman Foundation CEO Carl Schramm discusses its efforts to boost small business job creation.

  • Duration 3:57
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This transcript is automatically generated

I welcome back everybody thanks for -- what -- tonight you know all week long.

I'm trying to prove to you that.

We're seeing the Green shoots up a great American expansive now I know -- aren't buying it because of media -- and you know we can't do it.

I accept that.

You know you you point out the data that the the new business starts -- -- the clip from California and you're you know you're tell me let's in the stock market is rally just on you don't discover -- artificial sweetener but I'm telling you know.

The only half right because all I like my guest.

Also see some incredible stuff happening here in the small business creation -- -- opt murders of in the in the people who create jobs in America.

We need to help them a lot Kaufman foundation president since CEO Carl Schramm.

Joins me.

This -- idea out.

You know what I read your research and first stop are I'd love the fact that you guys are in there every day you're doing real time you're not looking back a 180 days -- didn't see you know the good stuff.

But tell us tell us about you know that that the good and the bad of a where we are with American entrepreneurs starting companies now and and how that's you know -- gonna get us back to what I call American greatness.

-- probably I share your enthusiasm.

In optimism.

About what I think about is the hydrostatic pressure of all kinds of folks want to start businesses and -- historically.

In downturns there the rate of business creation has gone up.

That's the good news on the bad news is actually there's been sort of a depression among entrepreneurs if we look and I'm drawing a -- -- -- Starting around 2009.

We saw the size of new firms Begin to contracts -- 2009 the average new start.

-- at the end of its first year have employed seven point five people and now we're watching at the end of 2000 intend.

The average terms of that it doesn't employ fully five people so there's been -- contraction.

And I think that actually points to some very easy policy fixes.

The could actually open the highway two lots more new firms and lots more new entrepreneurs.

I like I've been calling it -- you know -- did that with the movement we need prosperity.

Economics not economics of taking away.

But but the economics in the policy of building prosperity and -- -- -- you guys have some things you've published on it.

Give us your best shot -- -- got some good ideas opt to be the American -- Berger.

Maybe is it has less employees because they don't know what their health care costs is going to be or they don't know if they're gonna you know be -- a higher tax bracket.

Toby -- I think it breaks down to two things simply we need more entrepreneurs and we got to make a more successful so if you think about some simple things to get more of them.

You know a simple thing is to induce lots of smart kids from around the world to come here and stay we have lots of total universities.

Give Ahmad given citizenship when they graduate.

You know to the to the Angel investors.

Treat their capital gains in the long term term period -- treat -- as real capital gains.

And then one of the things you know -- I'm really keen on.

Is let the university professors who were worked in inventing some and you know ideas in their students.

Break up this monopoly in the hold of universities on the intellectual property break this stuff out and let these -- -- start.

Carl you are -- -- your -- and -- there -- -- about fifteen seconds.

The entrepreneurs are starting more businesses less people and you believe in you guys have -- aside have you back it's weird six months here that.

It is the governors are gonna make this this economy -- right.

Always and it always has been -- if you look at the last seven recoveries it's been the creation in new firms which create all the new employment that pulls -- out.

And we have gotten through to feed this magic part of our economy which is overlooked by traditional economist.

God bless yeah.

You are the right man for the right job a -- gonna stay with -- is a story is important thank you for being with us what --

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