Kauffman Foundation News (11/11/10): Washington Examiner Op-ed Cites Kauffman Research as “Key to Restoring America’s Economic Growth”
Research and expertise from the Kauffman Foundation continue to inform media and policymakers about the importance of entrepreneurship in our economic recovery and growth. On Wednesday, an op-ed in the Washington Examiner cited Kauffman CEO Carl Schramm’s observation that “The single most important contributor to a nation’s economic growth is the number of startups that grow to a billion dollars in revenue within 20 years.”
Calling this axiom “Schramm’s Law,” the author compares it to the famous Laffer Curve that provided a path for America to emerge from the economic woes of the 1970s and promotes it as a powerful way of thinking about how to achieve an annual growth rate of 3.3% or better that will generate jobs and prosperity to power our current economic recovery.
The article can be read in its entirety at the Washington Examiner. Read more…>> http://www.washingtonexaminer.com/opinion/columns/OpEd-Contributor/Schramms-Law-reveals-key-to-restoring-Americas-economic-growth-107034974.html#ixzz14ylwSRVg