Thousands of foreign born stude nts graduat e ea ch y ear fro m Amer ican universities with degrees important to the U.S. economy. Startup Act 2.0 creates more opportunities for these talented individuals to stay in the U.S. and contribute to our economy. Between 1980 and 2005, companies less than ve years old accounted for nearly all net job creation Startup Act 2.0 creates a visa for entrepreneurs with a good idea, capital, and the ability to create jobs for Americans More than half the current research and development tax credit goes to rms with over $1 billion in receipts, while many startups R&D FOR STARTUPS Startup Act 2.0 COST BENEFIT Number of jobs created by startups each year on average 3 million 4,360 Taiwanese Students many are sent home to compete against the U.S. 6,490 South Korean Students many are sent home to compete against the U.S. 31,290 Chinese Students many are sent home to compete against the U.S. 53,510 Indian Students many are sent home to compete against the U.S. 2,200 Turkish Students many are currently sent home to compete against the U.S. Masters and Doctorate Degrees in Computer Science, Engineering, and Math Fields Awarded to Foreign Nationals in 2009 Startup Act 2.0 creates a report with data on policies that either encourage or inhibit startup creation and growth in order to create healthy competition among states. $ 7 5 Billion Exempti ng ca pital gains tax es on in v estments in sta rtup s held fo r v e year s o r mor e w ould UNLOCK VS Year 1 Y ears 2- 4 = Existing Firms +2 Million One Entrepreneu r Five American Jobs Startups T ALENT PRO-GROWTH POLICIES CAPITAL 25% 1980 Percentage of engineering and technology firms founded in the U.S. by foreign born nationals between 1995-2005. In FY2010, federal agencies produced a cost benet analysis for only 18 of 66 rules costing more than $100 million. Startup Act 2.0 requires all “major rules” proposed by any government agency be studied to ensure costs of compliance do not outweigh benets. Net Job Creation By: -2 Million Entrepreneurial and highly-skilled immigrants fuel economic growth and create jobs for Americans Laws and regulations impact the chances a startup will create jobs and be successful Commonsense changes to the tax code will help startups grow and create jobs 2005 Source: Kauffman Foundation Source: Department of Homeland Security Source: Kauffman Foundation Source: Office of Managament and Budget