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Forbes Column 2009: An Entrepreneur Stimulus Plan

Posted on Friday, Mar 6th 2009

After quite a bit of thought, I have come to the conclusion that the problem with President Obama vis-a-vis entrepreneurship is that he doesn’t have any entrepreneur on his advisory council. This column pushes the issue further: An Entrepreneur Stimulus Plan.

This segment is a part in the series : Forbes Column 2009

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Btw, from Clate Mask, here’s a description of the Arizona Tax Credit’s qualifying small business clause:

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As for the details of a “Qualifying Small Business” , the business needs to:

1. Be a corporation, limited liability company, partnership or other business entity (Sole proprietor was ineligible)
2. Maintain a portion of its operations in AZ
3. Have at least two principal non-administrative full-time employees working in AZ
4. Be in the early stages of development and not engaged in disallowed activities (as stated in state statues)
5. Not engage in human cloning or embryonic stem cell research
6. Not have assets exceeding $2 million, excluding intellectual property and any qualified investment
7. Not have received aggregated qualified investments in excess on $2 million by all qualified investors in all years

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Seems reasonable to me.

Sramana Mitra Friday, March 6, 2009 at 1:32 PM PT