Banking on Black Enterprise: The Potential of Emerging Firms for Revitalizing Urban EconomiesSince the 1960s, black businesses have been diversifying and expanding in response to increases in entrepreneurial talent and investment capital. Opportunities created by policies such as procurement set-aside programs have induced better educated, younger blacks to create and expand firms in new lines of business, including wholesaling, contracting, and skill-intensive services. Bates argues that targeting assistance toward these emerging small businesses could go far toward halting the chronic drain of capital and skills suffered by our nation's inner cities. For the research in this book, Bates has been quoted most recently in The Economist and, twice, in The Wall Street Journal, whose editors described him as "the reigning expert on minority business." In 1993 Banking was cited in Congressional hearings for its evidence of the positive impact that greater investment in minority-owned firms could have on inner-city poverty. |
Contents
Introduction | 1 |
Traditional and Emerging Lines | 17 |
Why Black Firms Fail | 31 |
Copyright | |
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Banking on Black Enterprise: The Potential of Emerging Firms for ... Timothy Mason Bates Limited preview - 1993 |
Common terms and phrases
Asian bank loans Bates black business community black enterprise black entrepreneurs black mayors black owners black-mayor areas black-owned businesses black-owned firms business development business owners business startups business viability buyouts central business districts cities cleaning and pressing commercial bank debt capital discontinuance discriminant analysis disparity dollars econometric economic development educated black Emerging Black emerging lines employment Entering Business enterprise zone equity capital financial investment firms located ghetto growth highly educated Hispanics income industry inner-city minority larger leverage Linear Regression lines of black lines of business markets ment minority business set-aside minority communities minority firms minority neighborhoods minority workers minority-owned nonemployers nonminority locations owner traits paid employees personal services policies poverty preferential procurement racial rates redlining regression residents retail sales levels sample self-employed self-employment set-aside programs small business Standard coefficient statistical success survival Total financial capital variables white firms white male firms young firms