Summary of The Main Street Fund

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Rating

9 Overall

9 Importance

9 Innovation

8 Style


Recommendation

Experts point to entrepreneurship as a driving force for the United States’ long-run growth trajectory. And while accelerators, incubators and venture capital find and shepherd young start-ups, data show that entrepreneurs have been forming fewer businesses since the 1980s. Professor Aaron K. Chatterji contends that a national “Main Street Fund” would favor state programs benefiting small business creation. getAbstract recommends this authoritative and solutions-based report to entrepreneurs and those who support them.

In this summary, you will learn

  • Why “economic dynamism” continues to decline in the United States,
  • How changes to the existing corporate-based incentive model could be effective in altering this environment and
  • Why a “Main Street Fund” could be the solution.
 

About the Author

Aaron K. Chatterji is an associate professor at the Duke Fuqua School of Business.

 

Summary

The buzz over Amazon’s decision in 2017 to create a second US headquarters spurred governors, mayors and economic development professionals across the country into action. Their mission: to develop robust financial incentive packages aimed at drawing the e-commerce giant to their locales. This high-profile opportunity triggered dozens of hefty bids, including $7 billion in tax incentives from New Jersey and $6 billion from Maryland.


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