Summary
Creates programs to help new business creators in the U.S. and other countries by sharing knowledge, resources, and connections to boost economic growth.
What problem does this solve?
Many societies struggle with slow economic growth and unemployment, which can lead to instability. This order helps solve this by supporting new businesses, which create jobs and opportunities in their communities.
What does this order do?
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Administration of the Presidential Ambassadors for Global Entrepreneurship Program
Establishes the Presidential Ambassadors for Global Entrepreneurship (PAGE) Program
Creates a program run by the Secretary of Commerce where successful American entrepreneurs help and support new business creators in the U.S. and around the world.
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Accelerating Entrepreneurship and Economic Opportunity by Expanding Internet Access Globally
Creates the Global Connect Initiative
Directs the Department of State to lead an effort to promote and expand internet access across the globe, helping entrepreneurs connect to the digital economy.
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Global Connect International Connectivity Steering Group
Forms a Global Connect Steering Group
Establishes a group of representatives from many U.S. agencies to coordinate the government's work on expanding global internet connectivity.
Coordinates participation in the Global Entrepreneurship Summit (GES)
Assigns the Secretary of State to lead the U.S. government's involvement in a global summit that connects entrepreneurs and helps them grow their businesses.
Sets up a PAGE Advisory Board
Creates an advisory board, led by the Secretary of Commerce, to guide the PAGE Program. Members include leaders from the Department of State, USAID, SBA, and NASA.
Who does this affect?
- Entrepreneurs in the U.S. and abroad
- U.S. federal agencies
- American businesses seeking international opportunities
What is the real world impact?
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Promotes economic stability and opportunity
Supports new businesses in other countries to create jobs and improve local economies. This can help reduce unemployment and extremism, which benefits global security.
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Expands American influence and values
Shares the American model of entrepreneurship around the world. This acts as a form of 'soft power' by promoting U.S. business values and strengthening relationships with other nations.
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Opens new markets for U.S. companies
Fosters a better environment for business in other countries, which can create new opportunities for American companies to invest, trade, and sell their products.
When does this start?
This order became effective on June 24, 2016, and sets several deadlines for federal agencies.
Steering Group Initial Report
The Global Connect Steering Group must submit its first report to the Secretary of State within 6 months of the order, which is by December 24, 2016.
Steering Group Periodic Updates
The Secretary of State may request updated reports on the Global Connect Initiative every 12 months after the initial report, through the year 2020.