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ERIC Number: ED555604
Record Type: Non-Journal
Publication Date: 2013-Apr
Pages: 36
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Launching Low-Income Entrepreneurs
Laney, Kahliah
Center for an Urban Future
With middle-income jobs in decline, entrepreneurship offers an increasingly promising pathway out of poverty; but few low-income New Yorkers are currently taking this route to economic self-sufficiency. This report provides the most comprehensive examination of low-income entrepreneurship in New York. The report documents current self-employment rates among low-income people (both native-born and foreign-born), details the obstacles that keep larger numbers of native-born individuals from starting businesses, and assesses how entrepreneurship among low-income individuals is currently encouraged and supported in New York. The study also features a snapshot of programs in other cities and states that effectively promote and support low-income entrepreneurship. The report is based on an extensive data analysis and interviews with more than 75 entrepreneurs, small business and microfinance experts, community development leaders, workforce development practitioners, economic development officials and educators-both in New York City and around the nation. This report concludes that it is eminently possible to expand the number of low-income entrepreneurs in New York. As this report documents, while relatively few low-income minorities are starting formal businesses, there is no lack of entrepreneurial spirit or creativity among the native-born poor. Ample evidence suggests that a more strategic focus on promoting, teaching, and supporting entrepreneurship in New York and other cities could have a big impact. [This report was written with Jonathan Bowles and Tom Hilliard.]
Center for an Urban Future. 120 Wall Street 20th Floor, New York, NY 10005. Tel: 212-479-3341; Fax: 212-344-6457; Web site: http://www.nycfuture.org
Publication Type: Reports - Research
Education Level: Elementary Secondary Education; Two Year Colleges; Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: Ewing Marion Kauffman Foundation
Authoring Institution: Center for an Urban Future
Identifiers - Location: New York