Boosting Startups: Government Policies for Growth
To Encourage Entrepreneurial Growth, Governments Employ Diverse Strategies Governments significantly influence startup success, but the optimal approach remains a complex balancing act. Should governments actively support specific industries (e.g., providing tax breaks for green energy companies) or focus on creating a fair and supportive environment for all businesses? The most effective strategy, research suggests, is a synergistic blend of both. A strong foundation of supportive regulations and streamlined processes (“passive support”) is essential, complemented by targeted incentives and initiatives (“active support”) to address specific needs....