FACTS: The White House and Small Business Administration Launch Startup in a Day Initiative and Prize Competition
buzzz worthy. . . 11 Pioneering Cities Pledge to Reduce New Business Licensing and Permitting Process to Less Than One Day; August 4 Set as Date for First-Ever White House Demo Day Focused on Inclusive Entrepreneurship Yesterday, the White House and U.S. Small Business Administration (SBA), in coordination with the National League of Cities, announced the launch of the Startup in a Day initiative, a partnership with U.S. cities to develop online tools that let entrepreneurs discover and apply—in less than a day—for local, state, and federal requirements needed to start a business. “I’m calling on city halls across the country to join the initial eleven mayors in a simple but powerful pledge to entrepreneurs and small business owners: If you want to start a business, we’ll make it so easy to navigate the license and permitting system online, that you’ll be off and running within 24 hours,” said President Obama. Also yesterday, the White House announced Au...