Polis Startup Act 2.0 Will Reboot Colorado Job Creation
Bipartisan Legislation to Foster New Businesses and New Jobs
With job creation and helping small businesses grow his top priorities, Congressman Jared Polis today joined with a bipartisan House coalition to introduce the Startup Act 2.0 – a bill targeted at encouraging startup companies to grow and succeed.
"Colorado needs more jobs now, which means we should be doing everything possible to encourage the launch of great new American companies," said Polis. "By helping startups grow and succeed, we unleash the creative energies of entrepreneurs and innovators to take their great ideas and turn them into new job creating businesses. This is exactly the kind of bipartisan, job-creating legislation that Congress should act on immediately."
Between 1980 and 2005, companies less than five years old accounted for nearly all net job creation in the U.S., creating 3 million jobs each year on average.
The Startup Act 2.0 (H.R. 5893) would:
Polis coauthored the Startup Act with his House colleagues Michael Grimm (R-NY), Loretta Sanchez (D-CA), Kevin Yoder (R-KS), Devin Nunes (R-CA), Russ Carnahan (D-MO), and Robert Dold (R-IL). Companion legislation was recently introduced by Senators Jerry Moran (R-KA), Mark Warner (D-VA), Chris Coons (D-DE) and Marco Rubio (R-FL).
The bill has received industry support from Google, National Small Business Association (NSBA), CTIA, Consumer Electronics Association (CEA), Financial Services Forum, Computer and Communications Industry Association (CCIA), TechAmercia, Information Technology Industry (ITI), Compete America, Silicon Valley Leadership Group, and TechNet.