Want to create jobs? Give money to entrepreneurs

The World Bank has the right idea. They ran an experiment of sorts, awarding grants to small businesses and monitoring a control group of entrepreneurs.

The findings:

“The start-ups who received the grants were 37 percentage points more likely to survive the next three years. And more importantly, they were 22.9 percentage points more likely to grow to more than 10 workers.”

Especially for the World Bank, these are valuable learnings—in under-invested nations, these grants can make a much bigger difference than they could in places like the US.