Entrepreneurship Weekly Roundup: 12/02/2016

Weekly Roundup is a McNair Center series compiling and summarizing the week’s most important Entrepreneurship and Innovation news. Here is what you need to know about entrepreneurship this week: Keep Austin Entrepreneurial Eliza Martin, Research Assistant, McNair Center for Entrepreneurship and Innovation In 2016, Austin was ranked as the number one U.S. city for startup activity by the Kauffman Foundation. Austin’s entrepreneurial ecosystem began in the 1970s and 1980s, and was orig...
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Entrepreneurship Weekly Roundup: 11/04/2016

Weekly Roundup is a McNair Center series compiling and summarizing the week's most important Innovation and Entrepreneurship news. Here is what you need to know about entrepreneurship this week: Clocking In: Small Business and Overtime Regulation Catherine Kirby, Research Assistant, McNair Center for Entrepreneurship and Innovation In December, new US Department of Labor regulations on overtime pay eligibility will come into effect. These regulations will drastically increase the min...
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Small Business and Overtime Regulation

Clocking in: Small Business and Overtime Regulation What is the New Overtime Regulation? On December 1, 2016, the Labor Department will officially institute new regulations on overtime eligibility for workers. Announced on May 17, the new rules require business owners to pay salary workers earning up to $47,476 a year time-and-a-half overtime pay when they work more than 40 hours during the week. This new regulation will be updated every three years to adjust for average pay in the United Stat...
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