- Elgar original reference
Edited by Léo-Paul Dana
Chapter 34: United States Perspectives of International Entrepreneurship
Bella L. Galperin Wealth is created by Americans – by creativity and enterprise and risk-taking. But government can create an environment where businesses and entrepreneurs and families can dream and ﬂourish. (President George W. Bush) In his address on small businesses, George W. Bush noted that the role of government is not to generate wealth but to create an environment in which entrepreneurs can ﬂourish.* The president stated that low taxes and clear and sensible regulations are necessary in helping small businesses in the United States. In his agenda, he recognized the importance of providing new tax incentives to make it easier for small businesses to make important job-creating investments. With new tax incentives, most entrepreneurs will have more income needed to expand, buy more equipment and hire more employees (Small Business Administration, 2002, 26 March). Given that entrepreneurship and small businesses are the backbone of the American economy, it is not surprising that issues relating to entrepreneurs and small business owners are part of the president’s agenda. According to the US Small Business Administration (SBA), there are approximately 25 million small businesses in the United States (Small Business Administration, 2002, July 30). Small businesses represent 99.7% of all employers, employ 53% of the private workforce, provide 47% of all sales in the country and 55% of innovations. In addition, small businesses account for 35% of federal contract dollars, 38% of jobs in high-technology sectors, 51% of private sector output and represent 96% of all US exporters (ibid.). The recent technological...
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