What’s the secret to encouraging more start-ups? Apparently, stronger social safety nets. explains the connection between entrepreneurship and food stamps.
- The benefits of food stamps aren’t limited to people enrolled in the program. Just finding out you’re eligible for food stamps makes you more likely to start a business.
- “Starting a business is extraordinarily risky,” explains Olds. But knowing that you have a safety net makes taking those risks more palatable. And that net goes beyond food stamps. Olds points to links between entrepreneurship and programs like child health insurance, too.
- Local governments are catching on to Olds’ research. Starting this fall, Maryland will offer opt-in business classes for people enrolled in SNAP.
- Harvard Magazine’s .
- Sasha Abramsky’s argument for .
- and wrote about entrepreneurship and welfare.