© 2013 Ewing Marion Kauffman Foundation www.kauffman.org © 2013 Ewing Marion Kauffman Foundation The Power of Entrepreneurship CSG Entrepreneurship Days.

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© 2013 Ewing Marion Kauffman Foundation © 2013 Ewing Marion Kauffman Foundation The Power of Entrepreneurship CSG Entrepreneurship Days Kauffman Foundation May 13, 2014

© 2013 Ewing Marion Kauffman Foundation I think the greatest satisfaction I have had, personally, is helping others, doing something that either inspires them or aids them to develop themselves in their future lives so they’ll not only be a better person but be a better productive citizen of the United States. Ewing Kauffman “ ” Our founder

© 2013 Ewing Marion Kauffman Foundation Our mission Helping people attain economic independence through education and entrepreneurship, which Ewing Kauffman saw as two ends of a continuum.

© 2013 Ewing Marion Kauffman Foundation Kauffman at a glance $2 Billion in assets Grantmaking + Operating Local roots, national impact, global reach Significant local employer providing 200+ jobs State-of-the-art conference center available for use by qualifying nonprofits; a record 71,000+ guests utilized the space last year

© 2013 Ewing Marion Kauffman Foundation Overview 1.Data on why entrepreneurship matters 2.Data on entrepreneurship in Tennessee 3.Policy Ideas

© 2013 Ewing Marion Kauffman Foundation Job Creation & Dynamism

© 2013 Ewing Marion Kauffman Foundation Startups Drive Job Growth Source: Haltiwanger (2012)

© 2013 Ewing Marion Kauffman Foundation New Business Creation, Source: US Census Bureau

© 2013 Ewing Marion Kauffman Foundation Where Tennessee Stands

© 2013 Ewing Marion Kauffman Foundation Falling Entrepreneurship: Startups as % of Total Firms Source: US Census Bureau

© 2013 Ewing Marion Kauffman Foundation Source: US Census Bureau Tennessee, like the Nation: Lots of Small Businesses, Small Share of Employment

© 2013 Ewing Marion Kauffman Foundation Startup Funding Deals in Tennessee Source: Crunchbase

© 2013 Ewing Marion Kauffman Foundation High-Growth Firms in Tennessee Source: Inc magazine, Inc.com.

© 2013 Ewing Marion Kauffman Foundation Thumbtack Survey of Small Business Friendliness in Tennessee CategoryGrade Overall friendlinessB+ Ease of Starting a BusinessA- RegulationsB+ Health and SafetyB+ Employment, Labor, HiringA Tax codeA LicensingB EnvironmentalB+ ZoningB Training and Networking ProgramsB Source: Thumbtack and Kauffman:

© 2013 Ewing Marion Kauffman Foundation Policy Implications

© 2013 Ewing Marion Kauffman Foundation Old Top-Down Strategy

© 2013 Ewing Marion Kauffman Foundation New Entrepreneur-Centered Approach

© 2013 Ewing Marion Kauffman Foundation Reinvent Incubators and Investments Provide a shared space for entrepreneurs to interact and collaborate Foster mentorship and peer-learning Avoid awarding one large prize. Instead, award many smaller prizes so a cohort of entrepreneurs can face the entrepreneurial journey together

© 2013 Ewing Marion Kauffman Foundation Remove Barriers to Entrepreneurship Licensing Immigration Non-Compete Agreements

© 2013 Ewing Marion Kauffman Foundation A Role for Public Officials

© 2013 Ewing Marion Kauffman Foundation Entrepreneurship Policy Digest Created to educate policymakers and entrepreneurship supporters about relevant and actionable policy resources and recommendations that are born out of the Foundation’s extensive research. Sign up at

© 2013 Ewing Marion Kauffman Foundation Thank you Jason Wiens Lead Policy Engagement Manager