Charles Schwab were started. Young talent migrated from previously lucrative jobs and toward start-ups. «Excessive regulations, a burdensome and confusing tax code and high tax rates are stifling business growth and job creation in our slate. Through lower taxes and less regulation we can encourage business devclopment and attract new businesses to our state. New policies such as my Tax-Free, Start-up Business Renaissance Zone legislation will promote entrepreneurial efforts Background * The Seidman College of Business at GVSU recently published a report entitled “Entrepreneurship Climate in West Michigan” It stated that fewer people in West Michigan were starting up their own businesses. One of the barriers includes expensive start-up costs and lack of investment funds from either the state or through lending institutions. «The process of starting a business may include start-up options, forms of business ownership, financing a new venture, financial management, selecting a location, marketing, regulatory compliance and understanding fundamental principles of business. © Statistics, from the National Business Incubator Association (NBIA), indicate that new business create a MINIMUM of three jobs, including the “owner”, right at start-up. In fact, they are strongly advised, by business counselors, to seek out partners to cover the “trinity” of entrepreneurship ~ namely “Product or Service, “Marketing” and “Finance” ¢ Summary of a major Kauffman Foundation survey on what “Entreprencurial America™ wants to see from government — it's NOT what they’ve been getting: Americans Want Government Stimulus for Small Businesses and Entrepreneurship, Reveals New Survey from Kauffman Foundation Americans want lo see more initiatives that aid small businesses, like the $15 billion package unveiled by President Obama, according toa new poll released by the Ewing Marion Kauffman Foundation, The survey, conducted by pollster Douglas Schoen, consisted of a random national sample of 2,000 Americans. The survey indicates strong public sentiment that the government should be doing more to encourage individuals to start businesses and create jobs, which is ultimately the long-term solution for the country's economic woes. Three hundred of the 2,000 respondents are entrepreneurs and 300 are aspiring entrepreneurs. By 63 percent (o 23 percent, survey respondents prefer giving individuals the incentives they need to start their own businesses as opposed to allowing the government to create new jobs directly or through big corporations. Further, as a means of leading the country out of the economic crisis, 63 percent of respondents say the United States government needs to encourage the creation of new businesses, which will create sustainable, long-term