Entrepreneurship and Innovation

The story of America is really a story of entrepreneurs – individuals who take a leap of faith to pursue their dreams. Entrepreneurs built the foundation of the American economy from its earliest days by pushing forward innovative solutions to some of the world’s greatest challenges, and their innovations continue to improve our lives and result in the creation of countless new jobs for Americans.

Small businesses make the American dream a reality by creating employment opportunities for 47 percent of the United States’ workforce and generating two-thirds of new jobs. Research shows that job creation in start-ups and new businesses remains stable even in an unprecedented economic environment. At a time when economic difficulties and debt held by the public are high, we must do more to support the innovation, determination and tenacity of entrepreneurs.

I have a record for supporting legislation to jump-start our economy through the creation and growth of new businesses. This includes the  Startup Act, which improves the chance entrepreneurs can be successful by addressing four key factors: talent, taxes, regulation and innovation. Additionally, as Ranking Member of the Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies, I support the ongoing and critical mission of the U.S. Economic Development Administration, which provides grant opportunities that support local jobs and boost economic growth in Kansas.

Congress should continue to empower entrepreneurs to unleash innovative ideas and create jobs for Americans. Removing federal barriers for entrepreneurs can foster an environment where innovation can flourish, consumers are empowered and more Americans can achieve meaningful employment.