slides re testimony to Idaho Senate re Hire One Act (supporting)

1. Growing resilient, self-renewing local economies: How Hire One Can Help Entrepreneurship: THE Key to Job Creation Idaho Senate Local Government & Taxation Committee Norris Krueger, PhD March 2011 [email_address] 208.440.3747 @entrep_thinking

2. Are you surprised? Record levels of job NON-creation In 2009, we hit a 29 Year LOW in job creation; we've got a loooong way to go unless we can light a fuse

7. Every economy needs a steady in-flow of job-creating businesses

8. Note the gap between the lines in 2009 vs 2001...and the plummet in job creation from 2005 onward Opportunity Entrepreneurship declining since 2005 Necessity entrepreneurship at or near record levels

9. Starts and Terminations of Employer Businesses Source: Office of Advocacy, SBA

10. Outlook for Expansion Percent Next Three Months “Good Time to Expand” January Quarter 1974 to January Quarter 2011 Again, a long way to go, why not a nudge?

11. Good Time to Expand 2008/09 Recession Compared to Other Recent Recessions

12. EMPLOYMENT Planned Next Three Months and Current Job Openings January 1986 to September 2010 (Seasonally Adjusted)

14. Focus on GROWTH firms (“gazelles”) - but see which is lowest on gazelles?