Summary of The Main Street Fund

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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.

About the Author

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



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.

Amazon is but one example of a long-running model that annually directs $45 billion to $80 billion in ...

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