- Sep 13, 2012
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scarcity of capital creates a vicious cycle because new, organic and home-grown business formation is a rarity, so the new jobs that come with new businesses never appear.
Even worse, aspiring business owners and inventors in the inner city are often precluded from receiving sustaining government assistance while they pursue their dreams.
"Unemployment and disability insurance, for example, often have bars on self-employment and outside income while receiving benefits. Only a handful of states (which administer unemployment) allow entrepreneurs to collect benefits (and stop seeking salaried and hourly work) while they start-up. Maryland, for example, stopped accepting the funds available under federal law to administer such a program"
The Trump administration has created 139 opportunity zones in the tiny State of MD to encourage new investment.
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