Celebrating National Entrepreneurs’ Day-Entrepreneurial Spirit Remains Strong in the U.S.
On November 3rd, 2015, Rep. Steve Chabot [R] from Ohio proposed RES. 511, a bill expressing support for designation of the third Tuesday in November as “National Entrepreneurs’ Day.”
Below I share highlights of the text. Also included, are charts and maps from various reputable sources that underscore the immense contributions of small business owners to the economic fabric of the United States.
The bill supports the designation of National Entrepreneurs’ Day for the 3rd Tuesday in November. It aims to celebrate and recognize the contributions of entrepreneurs to the United States.
Happy Entrepreneurs’ Day!
Whereas since the founding of the United States, innovation, creativity, industriousness, and entrepreneurship have formed the economic fiber of the United States;
Whereas entrepreneurs have long been vital to the economic growth of the United States by advancing innovation, improving productivity, and creating jobs;
Whereas the willingness of entrepreneurs to assume risk has resulted in unparalleled contributions to the development of the United States;
Whereas entrepreneur-led innovation has built and continues to sustain a critical United States competitive advantage;
Whereas more than 400,000 new businesses were created in the United States in 2013;
Whereas research shows that businesses 5 years or younger were responsible for nearly every net new job in the economy of the United States between 1982 and 2011;
Whereas entrepreneurs and the businesses created by entrepreneurs accounted for the creation of nearly 2,300,000 jobs in 2013;
Whereas despite economic instability, over 50 percent of the United States population believes good opportunities exist for starting businesses and in 2014 entrepreneurship rose to its highest level in 16 years, indicating that entrepreneurial spirit remains strong in the United States;
Whereas collaboration and cooperation among a broad coalition of organizations, including nonprofit entrepreneurial incubators, angel investors, venture capitalists, crowd-funding initiatives, and other early-stage investors, catalyze entrepreneurial ventures;
Whereas the Federal Government must continue to promote entrepreneurship in all communities by ensuring that entrepreneurs find the necessary resources to pursue their ideas;
Whereas support for entrepreneurs, including firms managed and owned by women and minorities, strengthens the overall economy of the United States;
Whereas entrepreneurial literacy skills serve as one of the 21st-century content areas critical to success in communities and workplaces;
Whereas 54 percent of young people (ages 18–34) in the United States envision starting a business or have already started one;
Whereas positive outcomes for youth who participate in entrepreneurship education programs include improved academic performance, increased critical thinking skills, and heightened occupational aspirations;
Whereas to maintain the position of the United States as a world economic leader, government, entrepreneurs, institutions of higher education, and businesses of all sizes must be united in a comprehensive effort to welcome and cultivate entrepreneurial activities in the United States;
Whereas entrepreneurs face significant barriers that the Federal Government must work to reduce so that all entrepreneurs in the United States have a chance at success;
Whereas entrepreneurship is the best offense for economic progress in the United States
For tracking the bill and access Full Text of H.Res.511, click here