Sen. Mark Warner (D-Va.) is co-sponsoring a bill that could make it easier for start-up companies in the region.
Sen. Mark Warner (D-Va.) is partnering with Sen. Jerry Moran (R-Kan.) to push legislation that could make it easier for start-up companies in the region.
As a former businessman, Warner says he's trying to do away with some of the obstacles that are hindering start-up firms. For one, his legislation would offer tax credits to new businesses. It also would award universities that turn federal grant dollars into commercial projects. And Warner says it also would make it easier for foreigners to create their own companies in the U.S. by creating a special visa for highly skilled workers.
"We have to win the world competition for the best and brightest talent," says Warner.
Warner says he's optimistic because the legislation has an economic appeal that goes beyond party politics, and will likely garner broad support because its potential to create thousands of jobs.
"Everybody agrees that this is an area, these high growth start-up firms, ought to get support," says Warner. "This might actually happen."