[Hidden-tech] Green America at the White House Launch of Entrepreneurship Initiative

[Andrew Bellak]

    We will enter this Green America competition with our fund of funds
    idea!

-Andrew


    http://www.greenbusinessnetwork.org/news/announcements/item/317-green-america-at-the-white-house-launch-of-entrepreneurship-initiative.html


    Green America at the White House Launch of Entrepreneurship Initiative

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Green America's CBO Russ Gaskin returned from a White House briefing on 
microenterprise and small business development with exciting news: the 
launch of a new national program designed to dramatically increase the 
prevalence and success of entrepreneurs across the country.

Startup America <http://www.whitehouse.gov/issues/startup-america> is 
the White House initiative to celebrate, inspire, and accelerate 
high-growth entrepreneurship throughout the nation.

The briefing which announced the launch was part of the 35^th 
anniversary celebration of the Association for Enterprise Opportunity, 
Green America's partner on the small business and sustainability research.

The new program has appeal to small green businesses:

    * No capital gains taxes on qualified small business investments
      made throughout 2011
    * Federally guaranteed leverage for private funds that invest in
      clean energy, education, or underserved markets
    * Streamlined rules for private funds that invest in lower-income
      communities
    * New funding for proof of concept centers that accelerate green
      technology innovation

Startup America has an associated partnership 
<http://www.startupamericapartnership.org/> founded by Kaffman 
Foundation and The Case Foundation that includes many companies that 
serve small businesses. They've also announced a $1 Billion Impact 
Investment Fund. The Small Business Administration will commit $1 
billion to those funds that invest growth capital in companies located 
in underserved communities. This will include investing in economically 
distressed areas as well as those companies in emerging sectors such as 
clean energy. SBA will provide up to a 2:1 match to private capital 
raised by these funds, partnering with private investors to target 
"impact" investments.

The White House wants to hear your ideas on how to reduce federal 
barriers for entrepreneurs trying to start and scale companies. Submit 
your ideas or vote on the ideas shared so far 
<http://reducingbarriers.ideascale.com/>.

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