Need a Logo or a Website? Compare 8 Free Bids Today. Over 50,000 Designers Worldwide. DesignQuote.net

DQ News: How Washington Can Create Jobs

If the country would like to generate more jobs for people, they must also create more businesses with openings for people to take. That is why The Huffington Post has shared a few ideas on how the government can help entrepreneurs jumpstart job creation.

1) A 30 percent refundable tax credit for members of accredited angel groups for investments in U.S.-based startups. This credit would be refunded in the first fiscal year the investment is made.

Encouraging angel investment is not only good conceptually, but there’s precedence for its ability to increase funding for innovative companies. In British Columbia, where a similar program was instituted, 80 percent of angel investors who received the credits increased the amount of their investments. Ultimately the program also benefited taxpayers, with every $1 of angel tax credits resulting in $1.41 of additional tax revenue from the recipient companies.

2) 100 percent exclusion on corporate income tax for qualified small businesses on their first taxable year of profit and 50 percent exclusion on the following two years of profit.

The idea behind this recommendation is that if a fast-growing company is able to avoid all its corporate income taxes for a year and pay at 50 percent of its regular rate the next two years, it can invest that precious cash into the business and grow more quickly.

3) Reducing the time it takes for SBIR/STTR grants to be approved from the current average rate of six to 12 months, to three months.

Beyond the technical progress it allows, what’s even better about these government grants is that they don’t need to be repaid and don’t dilute ownership in a company. It’s simply money companies need to continue developing cutting-edge technologies. And when an entrepreneur is working feverishly to get a new technology through the commercialization process, time really is money. Speeding up the process to know if you have up to $1 million on the way just makes sense.

Photo by D. Sharon Pruitt

Need a Logo for your new company? Compare 8 Free Bids Today. Over 50,000 Designers Worldwide. DesignQuote.net

Qualities Of A Successful Mompreneur

Like any other entrepreneur, many mompreneurs share similar qualities that highlight their ability to succeed. The Charlotte Observer has pulled together a short list of some qualities that help mompreneurs succeed. Looking at the big picture and acting o

Turn Your Kids Into Entrepreneurs

How do you prepare your kids for entrepreneurship? The simple answer is a lemonade stand. However, there are some more important traits that kids will also need if they want to become entrepreneurs later on. The Wall Street Journal has listed some of thos

Summer To-Do List For Entrepreneurs

The Washington Post has compiled a list of quotes from fellow entrepreneurs on what you should do this summer. Is any of it on your list? Dive in, head first. “Take the plunge. You’ve been sitting on an idea for a couple years, it’s time to act. Put toget

Govt Regulation Roadblocks Driverless Car

NY Times: The benefits of driverless cars are potentially significant. The typical American spends an average of roughly 100 hours a year in traffic; imagine using that time in better ways — by working or just having fun. The irksome burden of commuting m

App for drivers detects and reports potholes automatically

It’s been two years since we wrote about Boston’s Citizen Connect app, and now we’ve spotted another civic-minded app from the very same city. Whereas ...

Alaska Airlines Invests in Flight Safety With New iPad Flight Manuals

Chalk up Alaska Airlines as the next major adopter of the iPad. According to the powers that be at Alaska Airlines, iPads will be used to help the transportation provider better use technology to enhance flight safety, improve efficiency and protect the e

Pentagon Classifies Cyber Attacks as Acts of War Worthy of Military Retaliation

On Tuesday, officials at the Pentagon – the hub of US national security – finished preparing its first formal cyber strategy, according to the Wall Street Journal. The Pentagon’s first formal cyber strategy, unclassified portions of whic

Twitter Rumored to Be Planning New Photo Sharing Service

Fresh from its acquisition of TweetDeck, Twitter apparently has another surprise in its social media bag of tricks. In the microblogging platform’s ongoing effort to regain some of the market share lost to competing third-party Twitter platforms, th