Tim Scott and Amy Klobuchar Team Up to Launch Senate Entrepreneurship Caucus
Data shows that people of color have a disproportionate lack of access to the capital, support, and networking that young companies need to scale and grow. Further, there is a growing field of evidence that many entrepreneurs of color outperform their white peers. To help address the situation on the federal level, Senators Tim Scott (R-SC) and Amy Klobuchar (D-MN) last week launched the Senate Entrepreneurship Caucus to address the most pressing issues facing entrepreneurs, and serve as a forum for collaboration and coordination. Startup rates have recently fallen to near 30-year lows, threatening the fundamentals that lead to sustained economic growth -- the Caucus will work to diagnose the causes of this “startup slump” and formulate a comprehensive strategy to counteract it. The Caucus will also serve as a clearinghouse for proposals from interested groups who wish to share their ideas with policymakers who are committed to supporting our nation’s entrepreneurs. “Small businesses and entrepreneurship are the backbone of the American economy. With over 30 million small businesses from the coasts to the heartland, our nation continues to make dreams into reality. As a former small business owner, I know the tough battles many face when trying to go from the drawing board to the boardroom,” Scott said. More here.