September 15, 2016

What’s the secret to encouraging more start-ups? Apparently, stronger social safety nets. Harvard Business School professor Gareth Olds explains the connection between entrepreneurship and food stamps.

Three Takeaways

  • 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. 
More Reading

Business, Food Stamps, gareth Olds

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