Economics Professors Receive a $40,000 Grant from the American Family Business Foundation

August 9, 2011

Antony Davies, Pavel Yakovlev, and Matt Ryan received a $40,000 grant from the American Family Business Foundation to produce a series of research papers on the economic contribution of and effect of regulatory policy on family-owned businesses. When policy makers talk about taxing business, many picture large corporations. However, small- and family-owned businesses are greater engines for innovation than large corporations and vastly outnumber large corporations. In addition, tax and regulatory policy can affect family businesses very differently than they affect corporations. The purpose of this series of papers is to provide a picture of the typical family-owned business and its economic and social impact on its community.