Anuj; not exactly on point, but related, would be a city/state-wide program to promote not just entrepreneurship, but help successful individuals (entrepreneurs or not) better understand angel investing and the startup world. Perhaps state-level crowd funding programs will help lower the bar for would-be angels to get some experience.
@ Kevin K, there is another entire FD thread on the subject, but you might consider a "co-employer" model. We use a WA based company called Pay Plus Benefits - we cut one check every payroll and they handle all the payroll, state and federal taxes, employee-related minutia, HR questions, onboarding, employee handbook, benefits admin, etc. Our employees are W-2, but we don't have to deal with the labor laws, etc. It does ad cost, but it allows us to focus on building a business rather than back-office. just a thought.