Banking on Black enterprise: the potential of emerging firms for revitalizing urban economies
Joint Center for Political and Economic Studies, 1993 - Business & Economics - 153 pages
Since 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.
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Traditional and Emerging Lines
Why Black Firms Fail
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Asians 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 buyouts central business districts chapter three cities cleaning and pressing college graduates commercial bank debt capital discontinuance discriminant analysis disparity dollars econometric economic development educated black educated owners emerging lines employment Entering Business enterprise zone equity capital financial investment firms located ghetto growth highly educated Hispanics income industry input larger less Linear Regression lines of black lines of business markets ment minority business set-aside minority employees minority firms minority neighborhoods minority workers nonemployers owner education owner traits paid employees personal services policies poverty preferential procurement racial redlining regression residents retail sales levels sample self-employment set-aside programs small business statistical success Total financial capital urban enterprise zone variables white firms white male firms white-owned firms younger firms
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