Get started ‘On’ May 23: Senate bill takes aim at STEM shortage, generic drugmakers fight legal loophole

Our daily blend of the latest news, trends and tips for the small business community.

What’s going ‘on’:

Senators introduce Startup Act 2.0: A birpartisan group of senators introduced the bill, which would create two new types of visas, one for foreign students who obtain graduate degrees in science- and math-related fields from American universities, and another for immigrants who start companies and create jobs in the United States.

Swing state business owners leaning toward Romney: A new poll from Manta shows that, in what are expected to be the most hotly contested states come November, less than 32 percent of small business owners plan to vote for Obama, while 53 percent plan to vote for Mitt Romney or whoever wins the GOP nomination.

Housing market gets uplifting news: Sales of existing homes increased 3.4 percent last month and remain higher than a year ago, and home prices continued to climb, according to the latest figures released by the National Association of Realtors. The total inventory of existing U.S. homes rose in April to 2.5 million.

Keep an eye ‘on’:

Generic drugmakers complaining over legal loophole: A number of drugmakers say they are unable to create cheaper generic versions of drugs because their rivals are exploiting a legal loophole to avoid sending them named-brand drugs to test against. Critics warn that the practice is bound to become more entrenched and widespread.

Helpful advice ‘on:

How to prepare your firm for the JOBS Act (OSB)

H ow to write a better help-wanted ad (Entrepreneur)

How to prioritize your company’s to-do list (Inc.)

How to decide which tasks to delegate (Open Forum)

How to use time wisely as an entrepreneur (USA Today)

J.D. Harrison covers startups, small business and entrepreneurship, with a focus on public policy, and he runs the On Small Business blog.

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