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2012 NWBC Annual Report

By all measures 2012 has been a year of opportunity and challenge, both abroad and on our shores. It was a year that brought with it many important issues: uncertainty in the world economy, volatility in financial markets, unrest in multiple areas of the world, a much anticipated election cycle here in the United States, and a potential fiscal cliff that remains daunting for many business owners and entrepreneurs.

For the National Women’s Business Council (NWBC), this environment was one from which to learn, and in which to take a leadership role to help increase the economic participation of women entrepreneurs.

SBA Veterans Assistance Programs

Robert Jay Dilger and Sean Lowry of the Congressional Research Service examine the current state of SBA veteran loan programs, and consider whether, as some members of Congress have suggested, combining the program with other services would increase government efficiency.

Veteran-Owned Businesses

The SBA’s office of advocacy reports on veteran-owned businesses and micro-businesses and entrepreneurship within the veteran community.

Job Standards in Economic Development Programs

Many states offer subsidies to businesses operating within their borders, but many programs do not require any job creation, or mandate a minimum level of job quality to receive the subsidy. Good Jobs First reports.

Policies to Increase Financial Security

24 low-cost, politically viable state policy ideas from the Corporation for Enterprise Development to increase financial security and opportunity in tough fiscal times.

Building Infrastructure for Entrepreneurship

This study examines the creation and configuration of infrastructure for entrepreneurship. Using the case of nanotechnology’s emergence, I show how the three elements of infrastructure, public resource endowments, institutional arrangements, and proprietary functions, are generated by a common set of actors, simultaneously, leading to boundary obfuscation and competition. Entrepreneurs did not wait until a critical mass of infrastructure accumulated but started firms despite the lack of infrastructure. The earliest entrepreneurs endured a trifecta of burdens: their liability of newness, nascent market uncertainty, and ambiguity in the emergence of the technology itself. In exchange, early entrepreneurs were part of the infrastructure creation and configuration process. Additionally, I find that infrastructure is not measured by the number of resources within an element or the efficacy. Infrastructure configures because of interactions between elements, in the space between the actors and elements where boundaries blur.