Attorney General Jason Miyares said the entrepreneurs are a key factor in America’s success.
Miyares was the keynote speaker at the Virginia Peninsula Chamber’s Impact Peninsula Forum Thursday morning in Newport News.
When asked if he would run for governor, Miyares replied, “It’s just 2023.”
“Stay tuned,” he added.
Current Governor Glenn Youngkin is set to serve until 2026.
He said legislators can help businesses become and stay successful by easing restrictive regulations.
He said substance abuse and addiction are on the rise. According to Miyares, of those between the ages of 18-45 that are not employed, nearly 50 percent cite addiction as the reason.
Many people view asking for help as a sign of weakness, he said.
“However, asking for help is the bravest thing you can ever do. Your loved ones will thank you,” Miyares said.
When it comes to businesses who suffer data breaches, Miyares said it is a crime where the business is typically blamed.
“The trouble a business has, is when they don’t inform their customers,” he added.
Miyares said another issue is young adults’ views on capitalism.
“Only one-third want a free market system,” he said.
When asked his source, Miyares said the statistic appeared in a Wall Street Journal article.
He said free market capitalism empowers entrepreneurs.
Having a strong business environment benefits the community at large, Miyares said.
“It also benefits the arts and sciences,” he noted.
To encourage young people to enter to the business world, Miyares suggested attendees serve as a mentor to new entrepreneurs.
“And have gratitude and pass it onto the next generation,” he said.
Reggie Moore says
Great information especially about entrepreneurs because we are the life blood of the economy. 85 of businesses owned are small businesses. I am a commercial broker and I see and discuss this frequently with other local business owners here in the Hampton Roads Area of Virginia.