Today, Engine, along with the Charles Koch Institute and Startup Genome, issued a report looking at the overall health of the startup ecosystem. We hope this report can serve as a resource for policymakers considering a wide range of policy issues that impact early-stage companies across the country.

It may sound like a cliched talking point, but it’s true—small businesses are the lifeblood of the U.S. economy. And that includes the small businesses of the technology sector, the thousands of innovative, tech-enabled, high-growth companies across the country that make up the U.S. startup ecosystem.

As the COVID-19 pandemic continues to cripple economic growth across the globe, the United States Trade Representative (USTR) and policymakers need to be prepared for trading partners seeking to recoup lost revenues through new international taxation measures. Specifically, more nations are considering implementing or have implemented digital services tax (DST) frameworks that would largely discriminatorily target U.S. tech companies to help cover budgetary shortfalls.

As negotiations continue on a trade deal between the United States and the United Kingdom, it is crucial that policymakers push for balanced and commonsense intellectual property frameworks around the world so that startups can grow globally. This July, the U.S. and the U.K. entered the third round of negotiations on an expected trade agreement, following the U.K.’s withdrawal from the European Union earlier this year. While a number of topics are on the table, including critical digital trade provisions, the intellectual property provisions will prove essential to U.S. startups.

During the second week of August, more than 40 members of Congress met with over 100 entrepreneurs across the United States as part of Congressional Startup Day. This annual, bipartisan celebration of startups brings together founders and policymakers to discuss the challenges and successes of entrepreneurship in America. Although the COVID-19 outbreak forced many of the meetings this year to be held virtually, lawmakers still spent the week around Congressional Startup Day conversing with entrepreneurs in their states and districts about the policy needs of startups—particularly about the ways in which Congress can better support the country’s startup community amidst the pandemic.