100 Urban Entrepreneurs.
Your Business Resource - Starting a Microenterprise Business - Seattle / South King County. Click here for a list of organizations that provide business support, training and networking opportunities.
Business MentorCommunity EventsCalendar. MicroMentor: Find a Mentor, Be a Mentor, Build a Business. Finance & Private Sector Research - The World Bank Group Entrepreneurship Snapshots. Entrepreneurship is a critical part of economic development and growth and important for the continued dynamism of the modern economy.
The work program includes studies that document entry rates of firms across countries and industries; identify country, firm and owner characteristics related to greater entrepreneurship; and study the effect of entrepreneurship on industry performance. New Business FormationEntrepreneurial activity is a pillar of economic growth. Tools, Income Generation. Although there is often an inadequate supply of basic services for the urban poor, the solution many not be entirely on the supply side.
A more effective solution may be found in raising the low levels of effective demand among the poor by raising their incomes. One effective way that governments can increase the access of the poor to urban services is to promote employment-generation programs that allow the poor to raise their income sufficiently to create greater effective demand for public services and obtain them through a variety of sources. Increasing Entrepreneurship is a Key to Lowering Poverty Rates. During the economic boom of the 2000s, poverty rates declined in many states.
Yet some states were more effective at getting the poverty rate down than others. While there has been much analysis of why some states are more successful than others, what’s been missing is a discussion of the role of entrepreneurs in the process. This paper suggests that economic freedom and entrepreneurship are keys to escaping poverty for many. Fight Poverty with Entrepreneurship. Bono was right when he praised the poverty-fighting power of entrepreneurism for the destitute in developing nations.
But entrepreneurship also works for the poor in the United States according to a Goldwater Institute study: There is a strong connection between a state’s rate of entrepreneurship and declines in poverty. Statistical analysis of all 50 states indicates that states with a larger share of entrepreneurs had bigger declines in poverty. In fact, comparing states during the last economic boom—from 2001 to 2007—data show that for every 1 percentage point increase in the rate of entrepreneurship in a state, there is a 2 percent decline in the poverty rate.
Stephen Slivinski, author of the study, points out that businesses established in inner cities not only provide jobs for the unemployed but “have become a force for stability and pride in these communities.” Slivinski advises that policymakers encourage entrepreneurship “by lowering tax burdens.” YEC. Where Young Entrepreneurs Meet and Start Up.
Children and Entrepreneurship : PBS. THESE KIDS MEAN BUSINES$ premiered August 2007.
Clarence Page and alumni from the National Foundation for Teaching Entrepreneurship (NFTE) on the floor of the New York Mercantile Exchange. “A lot of kids would like to start their own business of one kind or another, but they don’t know how. Most schools don’t teach it.” So says Clarence Page, Pulitzer Prize-winning columnist for the Chicago Tribune and essayist of the sixty minute PBS documentary, THESE KIDS MEAN BUSINES$. Network for Teaching Entrepreneurship. Be! Fund: The Business of Creating Heroes. Be! Fund: Investing in Young Entrepreneurs.
Summary Be!
Fund is India's first non-profit risk capital fund for young people who live in poverty. Our big Bollywood movies air on national television and ask young people to submit their business ideas that solve local problems to the Be! Fund. Young people go to three levels of interviews, a site-level visit and verification until their business plan is presented to the Investment Committee. What is the issue, problem, or challenge? We don't have the hero stories we need for the time we're in. How will this project solve this problem? We provide new access to risk capital to the poorest young people, for their ideas, not ours. Potential Long Term Impact Each investment creates on average 5 jobs, a sustainable enterprise in the community and a success story.
Funding Information Total Funding Received to Date: $221 Remaining Goal to be Funded: $94,779 Total Funding Goal: $95,000 Additional Documentation This project has provided additional documentation in a PDF file (projdoc.pdf). Resources. Corporate Citizenship: Youth Empowerment: YouthSpark. A year of helping young people create and capture opportunity Today's youth face an opportunity divide – a gap between those who have access to the skills and training they need to be successful, and those who do not.
With more than 75 million unemployed youth around the world, we must work together to close this divide in order to secure the future of our youth, and of our global economy. Last year, Microsoft CEO Steve Ballmer announced Microsoft YouthSpark, a company-wide, global initiative to create opportunities for 300 million youth over three years. Through 30+ programs and partnerships with 186 youth-serving nonprofits, in its first year alone Microsoft YouthSpark has created new opportunities for more than 103 million young people in over 100 countries around the world. Explore this site to see how young people around the world are seizing opportunities to build a better future for themselves and for all of us. YouthSpark Grants.