A quick run down of the ways that student debt and entrepreneurship interact.
Resource Category: Economics (General)
Micro-Businesses: America’s Growth Engine
This report examines growth trends for small and micro businesses in recent years, the sector’s need for liability protection to increase revenue and retain customers, and the role insurance advisors can play in facilitating micro business growth.
Entrepreneurship in Rural America
Community affairs offices at the Board and Reserve Banks engage in a wide variety of activities to help financial institutions, community-based organizations, government entities, and the public understand and address financial services issues that affect low- and moderate-income people and geographic regions.
Impact of Microenterprise on the Community
Does microenterprise have an impact on the local economy? Drawing on nearly 25 years of experience and five years of data collected from 753 clients, Women’s Initiative examined the impact of our program on the local economy through increased sales, income, jobs, and sales tax. We found that, even as economic recovery and job growth remained weak in the U.S., our clients – the low-income, high potential women we serve – multiplied their annual gross revenue more than thirteenfold within the first 18 months after training, and in 2012 alone, our clients provided 2,313 jobs for others through their businesses. Including the jobs that they created for themselves, this amounted to a total of 5,317 local jobs created and retained in 2012. The findings in this report indicate that our program has had a significant impact on the local economy. For every $1 invested in our program, $30 was returned to the local economy within 18 months after training. Moreover, this return on investment accumulated each year as clients’ businesses continued to thrive. Five years after training, the return on investment reached $108 for every $1 invested in our program, demonstrating that an investment in microenterprise has a powerful and sustainable economic impact on the community as well as on the individual entrepreneurs.
Entrepreneurial Assessment for the U.S. 2011
During the summer of 2011, the United States participated in the 13th annual cycle of the Global Entrepreneurship Monitor (GEM) research. Across the globe, 54 economies participated in the survey, spanning diverse geographies and a range of development levels. In the United States over 5,800 adults between the ages of 18 and 99 were interviewed.
2012 Global Entrepreneurship Monitor Report
The GEM study is uniquely positioned to advance understanding about entrepreneurship and facilitate decisions and initiatives that promote these endeavours. Each year, GEM provides a broad array of data on societal attitudes, participation levels of individuals at different stages of the entrepreneurship process and the characteristics of entrepreneurs and their businesses. This information can enable comparisons within and across individual economies, geographic regions, and economic development levels.
The Civic Economics of Retail
A solid review of several foundational studies on the costs and benefits to cities of locally-owned businesses versus larger chain stores from Civic Economics.
2012 NWBC Annual Report
By all measures 2012 has been a year of opportunity and challenge, both abroad and on our shores. It was a year that brought with it many important issues: uncertainty in the world economy, volatility in financial markets, unrest in multiple areas of the world, a much anticipated election cycle here in the United States, and a potential fiscal cliff that remains daunting for many business owners and entrepreneurs.
For the National Women’s Business Council (NWBC), this environment was one from which to learn, and in which to take a leadership role to help increase the economic participation of women entrepreneurs.
The State of Working America
In periods of full employment, a healthy employment growth rate would be one that simply matches the growth rate of the labor force. But, contrary to assumptions often made by economists and policymakers, full employment is the exception rather than the rule in the U.S. labor market. An implicit message of this chapter is that ensuring healthy job growth requires an active macroeconomic policy that targets growth in aggregate demand sufficient to meet the growing supply of potential workers.
Entrepreneur Development Post-Recession
Entrepreneurs – including business, civic and social entrepreneurs, are central to bringing about fundamental change and innovation enabling local, regional and national recovery and longer-term prosperity. This paper explores entrepreneurial talent emerging from the Great Recession.