CEIR Blog

by Gary Shapiro

In many ways, the US economy is thriving in 2017: The unemployment rate is low, the stock market is breaking records and our economy is growing faster than at any time in the last two years.

At the same time, fewer startups are being created. And while many large companies are growing, almost every state experienced a drop in the number of new small businesses created in 2016, according to the Consumer Technology Association’s (CTA) Innovation Scorecard–an annual ranking of the 50 US states on their openness to innovation. (Only Maine and Nevada increased the net total of new companies in 2016).

How can the US economy achieve success while leaving some innovators and entrepreneurs behind? Stifling bureaucracy and an unfriendly legal environment are hamstringing today’s startups and small businesses.

Higher taxes leave less money for investment. Old laws can choke the next revolutionary consumer technology products, such…

View original post 405 more words

Posted by Elizabeth McQuade

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s