Obama Promotes Job Growth

Earlier this week, the White House launched its Startup America initiative - a program to “celebrate, inspire, and accelerate high-growth entrepreneurship throughout the nation.”  With job creation rising to the top of the Obama Administration’s economic agenda, the White House views “Startup America” as a way to spur job creation by encouraging new business development. 

The program aims to:

1) Expand access to capital for startup companies;

2) Expand entrepreneurship education and mentoring programs;

3) Strengthen the commercialization of the approximately $148 billion per year in federally-funded research and development;

4) Identify and remove barriers to startups;

5) Expand collaboration between large companies and startups.

Several American companies have already invested in this effort, including a $150 commitment from IBM and $200 million from Intel.