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Knockin’ on the Bank’s Door: Why is Self-Employment Going Down? by Alina Malkova :: SSRN

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This study analyzes a decline in the ability to obtain financing as a potential explanation for the observed decrease in the U.S. self-employment. The shrinking of the U.S. bank branch network since 2010 and the increased average borrower-lender distance reduce the accessibility of credit institutions for borrowers. To evaluate the impact of the CMA on entry into self-employment, I disaggregate the self-employed into two categories: entrepreneurs whose businesses depend on business loans (incorporated self-employed) and other self-employed (unincorporated self-employed). Using a novel data source (the Community Advantage Panel Survey database), I find that the proximity of credit market institutions has heterogeneous effects on the transition to self-employment. An improvement in the CMA increases the likelihood of transition to incorporated self-employment. But for the unincorporated self-employed, the effect is the opposite: the probability of transition to unincorporated self-employment decreases, and workers of this type are more likely to switch to paid employment to be able to receive non-business related loans. The paper discusses the implications of these results for different policies.

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Invest in Lost Spirits Distillery: Meet the “Willy Wonka” of Booze. – Playboy Magazine. | Wefunder

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From 2010 – 2017 Lost Spirits was a top 5 craft distillery with a fiercely loyal cult following.  Bottles regularly went into the hundreds and sometimes thousands of dollars each at auction.  In 2017 we opened a new kind of distillery concept in Los Angeles.  One that combined our love for experiential entertainment with our love of science, and fine spirits.  The LA distillery complex is now home to a fine dining restaurant, an elaborate series of tasting rooms, and an industry leading organic chemistry lab.  The distillery itself incorporates a dazzling and whimsical show with everything from holograms to roving victorian gardens and submarines.      

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Pro Bono Patent Program : SLU

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Saint Louis University has an agreement with the U.S. Patent and Trademark Office to help financially under-resourced inventors apply for patents by arranging free patent attorney and/or patent agent time and entrepreneurial support, including commercialization guidance. SLU’s program serves solo inventors, nonprofit organizations and small businesses based in Missouri, Arkansas, Kansas, Nebraska or Oklahoma.

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