WASHINGTON, Oct. 25, 2022 – Formerly incarcerated individuals are 45% more likely to become entrepreneurs versus those without a criminal record but face greater challenges on the path to business success, according to a meta-analysis from SCORE, mentors to America’s small businesses and a resource partner of the U.S. Small Business Administration.
The U.S. leads the world with the largest percent of its overall population in prison, with 2.2 million incarcerated individuals. For the 600,000 returning people released each year, finding employment can be difficult: the unemployment rate is