Young US Entrepreneurs Propose Economic Solutions to G20 Leaders

(Alexandria, Virginia, USA) 1 July 2013 – Fourteen American entrepreneurs returned from Moscow as delegates of the G20 Young Entrepreneurs’ Alliance (YEA) Summit. Held from June 15-17, 2013, the Summit highlighted how entrepreneurs are addressing the global economy’s most significant economic challenges. The Official Communiqué of the Moscow 2013 G20 YEA Summit is the voice of more than 1 million business owners who are recommending youth entrepreneurship as a dominating force for strong, sustainable and balanced growth, the central subject of the G20 Leaders’ Summit to be held in St. Petersburg in September 2013.

The recommendations summarized in a final Summit communiqué were presented to the B20, and on to Russian President Putin, primarily focus on the following:

• Need to develop digital infrastructure. Young entrepreneurs are the most active group in terms of both starting up businesses and using the latest digital technology to help run the business and optimize business processes;
• Importance of developing educational programs for entrepreneurs. Advancing the entrepreneurial culture, and streamlining government funding for “green” technology studies;
• Need to ease the tax burden. In the fields of scientific-technical programs and social entrepreneurship, namely the taxes imposed on employers and employee income tax;
• Access to funding for start-ups and emerging companies. Ensuring funding on easy terms, changing banking requirements, developing rules for new forms of funding, including cross border online platforms, investors’ and entrepreneurs’ networks.
  

At the Summit, more than 400 dedicated and influential entrepreneurs identified how government and business communities can best harness the potential of young entrepreneurs as drivers of job creation, innovation, economic growth and competitiveness. In addition, in-depth research reports from Ernst & Young and Accenture were revealed, providing new data and thought leadership on the state of entrepreneurship around the globe and recommendations for G20 governments to support entrepreneurs.

The US delegates included the winners of the Entrepreneurs’ Organization’s Global Student Entrepreneur Awards (GSEA) from around the country as well as leading American entrepreneurs who were selected to participate in this fourth annual Summit of the G20 Young Entrepreneurs’ Alliance. The American delegates included:

• Kevin Langley, Ellis Construction [President]
• Gene Lim, Mav12 [Sherpa]
• Ben Biron, Alcohoot
• Tammy Camp, Action Factory
• Mark Delgado, Koyr Engineering
• Sarah Endline, Sweetriot
• Daniel Fine, The Fine Companies
• BreAnna Fisher, DoDrinks
• Harman Johar, World Entomophagy
• Michele Kehrer, LifeStyle Physical Therapy
• Susan Lindner, Emerging Media
• Mikhail Naumov, Global Renewable Energy Education Network
• Brent Skoda, Ahkeo Ventures
• Chelsea Sloan, Uptown Cheapskate

“These inspiring young American entrepreneurs are already changing the world and creating jobs,” said Kevin Langley, president of the US Delegation and former global chairman of the Entrepreneurs’ Organization. “Their innovation, entrepreneurial leadership and experience will advance youth entrepreneurship in the US and beyond.”

For more information about the G20 Young Entrepreneurs’ Alliance Summit, please visit www.g20yeasummit.com.

Entrepreneurs’ Organization (EO)
The Entrepreneurs’ Organization (EO) is a dynamic global network of more than 8,700 business owners in 35 countries. EO is the catalyst that enables entrepreneurs to learn and grow from each other, leading to greater business success and an enriched personal life. Membership in one of EO’s 124 chapters is by invitation only; the average member is 41 years old whose companies average annual revenues of US $18.3 million. For more information on EO visit www.eonetwork.org or call +1.703.519.6700.

G20 Young Entrepreneurs’ Alliance Summit, Russia
The G20 Young Entrepreneurs’ Alliance Summit in Moscow, Russia, is a gathering of young entrepreneurs (age 18-40) and entrepreneurship-focused organizations from the G20 countries. Hosted by The Centre for Entrepreneurship (CFE) it provides valuable input to government leaders to assist in driving sustainable global economic growth, exchange ideas, and to foster international partnerships and collaboration. The G20 YEA Summit is an official program of the G20 Young Entrepreneurs’ Alliance. For more information, visit www.g20yeasummit.com or www.cfe.ru.en.

G20 Young Entrepreneurs’ Alliance (G20 YEA)
The G20 Young Entrepreneurs’ Alliance is a collective of leading entrepreneurially-minded organizations representing the G20 countries who seek to promote youth entrepreneurship as a powerful driver of economic renewal, job creation, innovation and social change. The Alliance was founded as a movement to engage the G20 leaders in the cause of youth entrepreneurship, share information across borders, affect positive change and create a global network of young entrepreneur advocates, while building a collaborative entrepreneurial environment worldwide. For more information, visit www.g20yea.com.