Transcript Big Support for Small Business Gordon W. Day 2009 IEEE

Big Support for Small Business
Gordon W. Day
2009 IEEE-USA President
What and Why?
 Entrepreneur: One who organizes,
manages, and assumes the risks of a
business or enterprise
• French: entreprendre “to undertake”
 Engineers and other applied
technologists create jobs
• These are our members
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Recent Analysis from the
Kauffman Foundation

“….from 1980-2005, nearly all net job creation in
the United States occurred in firms less than
five years old.

“….without startups, net job creation for the
American economy would be negative in all but a
handful of years.”

“Of the overall 12 million new jobs added in 2007,
young firms were responsible for the creation of
nearly 8 million of those jobs.”
Analysis from the
U.S. Small Business Administration

Small businesses have created between 60% and 80% of
all new jobs in U.S. since mid-1990’s

Small businesses employ half of all private sector
employees

Small businesses employ 39 percent of high tech workers
(scientists, engineers, and computer workers).

Small businesses generate half of America’s nonfarm GDP

Small Businesses produce 13 to 14 times more patents
per employee than large patenting firms.
– These patents are twice as likely as large firm patents to be
among the one percent most cited.
More IEEE Members are Becoming
Entrepreneurs

36% of IEEE members own or work for small business
(500 or fewer employees).

IEEE-USA receives frequent requests for entrepreneurial
support.

IEEE-USA’s goal….to help members start and build
companies, leveraging their innovations to create jobs
that will benefit the profession and the entire country.
Engineers Create Jobs
Electrical and Electronics
Engineering Employment
600
EE Employment (thousands)
500
Quarterly
4Q Moving Ave.
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Information and Networking at IEEE Conferences
IEEE Publications:
The Documentary Record
IEEE-USA Entrepreneurs’ Village
The Village Forum
IEEE-USA eBooks on Entrepreneurship
IEEE-USA eBooks on Innovation
IEEE-USA Webinars on Entrepreneurship
IEEE-USA TechMatch
IEEE-USA Mentors for Entrepreneurs
Directions to Resources
for Entrepreneurs
New Jersey Business Portal
New Jersey Small Business Development Centers
New Jersey Technology Incubators
IEEE-USA Entrepreneurs’ Networks
IEEE-USA Entrepreneur Achievement Award
IEEE-USA Position Statement on
SBIR Reauthorization
IEEE-USA – SBA Strategic Alliance
Signing of the SBA/IEEE-USA Strategic Alliance
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How Else Can We Help?
Scott Grayson
Associate Managing Director
202-530-8376
[email protected]
Gordon Day
2009 IEEE-USA President
[email protected]