ERIC Number: ED433472
Record Type: Non-Journal
Publication Date: 1997-Dec-5
Reference Count: N/A
Urban Revitalization and Entrepreneurial Strategies. Digest Number 97-8.
Urban revitalization is an economic and social strategy that has been necessitated by decreased interest in both residence and commercialization within major cities. Urban business environments are confronted with many unique socioeconomic challenges, including discrimination against residents, negative stereotypes of urban areas, and inaccurate media coverage. Urban locations, however, also possess a number of advantages for businesses, such as a strategic location, proximity to concentrations of other entrepreneurial companies, large local markets, and a labor pool of loyal but modestly skilled workers. Because urban problems result from many intertwined social and economic factors, combating the problems requires a collaborative effort across the private sector, government, and community-based organizations. Through this collaboration, entrepreneurs can gain access to resources and build businesses in urban areas. New businesses need a highly attractive market, a strong management team, proven products, and a proven customer base to succeed. Entrepreneurs can find support to develop such businesses through microenterprise programs especially geared to the urban business environment. Examples of entrepreneurial success can be found by looking at individual companies as well as at more sweeping community trends. (KC)
Descriptors: Adults, Cooperative Programs, Entrepreneurship, Financial Support, Hispanic Americans, Institutional Cooperation, Job Training, Minority Groups, Small Businesses, Urban Renewal
CELCEE, Kauffman Center for Entrepreneurial Leadership, 4801 Rockhill Road, Kansas City, MO 64110-2046. Tel: 888-423-5233 (Toll Free). For full text:
Publication Type: Information Analyses
Education Level: N/A
Sponsor: Ewing Marion Kauffman Foundation, Kansas City, MO. Center for Entrepreneurial Leadership.
Authoring Institution: Ewing Marion Kauffman Foundation, Kansas City, MO. Center for Entrepreneurial Leadership.