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Some Inventions Born Amid Recession
They might never get as big as chocolate-chip cookies, which supposedly were invented during the Great Depression, but most of these inventions came about because the people behind them were laid off during this economic downturn.
• The iTie. Joe Sale of Tampa, Fla., invented it after he was laid off from his sales job. It holds iPods, credit cards and bills in a pocket in the back of the tie. It can also be attached to your shirt so it doesn’t whip around in the wind.
• Squishy Toes the Biodegradable Shower Mat. Rebecca Berrigan of Newark, Calif., invented this biodegradable shower mat after she was laid off from KB Home.
• LidPunch. Don McCammon of Orlando, Fla., was laid off from his job as a mental health counselor. He took $100,000 out of his 401(k) and licensed his LidPunch invention, which helps open jars, to Viatek Consumer Products.
Photo by Viatek.
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Jaclyn on May 26th, 2009 12:32 pm
It’s great to see that these people overcame such a hardship of being laid off and now are most likely doing much better then they were even when they were working their 9-5 jobs.
Donald on May 27th, 2009 3:42 am
Well done. I think the silver lining of the recesssion – entrepreneurship and unexpected innovation – is beginning to reveal itself
Franchise Information on May 28th, 2009 9:18 pm
Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.” – John Kenneth Galbraith
Franchises also continue to do very well despite the Economic Crisis.
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