Poverty Alleviation through Entrepreneurship and Urban Microenterprise Development
Summary
The goal of this study is to examine how entrepreneurship can catalyze upward economic mobility among people with low to moderate incomes in an urban environment.
Over the past decade, there has been an increase in the number of microenterprise development and neighborhood entrepreneurship training programs in Detroit. The impetus of these programs is to stimulate urban economic development and neighborhood revitalization in the city's underserved communities.
The aim of this study is to evaluate these programs collectively with respect to outcomes of new venture growth, wealth creation, and upward economic mobility in these communities. Specifically, this study seeks to understand and explore the impact of these programs on low- to moderate-income entrepreneurs in these communities and discover best practices in urban entrepreneurial development and wealth creation. Since the primary thrust of entrepreneurship is value creation, the goal of this study is to examine how entrepreneurship can catalyze upward economic mobility among people with low to moderate incomes in an urban environment.
Marcus D. Harris, University of Michigan-Dearborn College of Business
Michael Gordon, formerly Stephen M. Ross School of Business at the University of Michigan
Nicole Farmer, Grand Innovation
April Boyle, Build Institute
Jacquise Purifoy, Build Institute
Crystal J. Scott, University of Michigan-Dearborn College of Business
Jeffrey Robinson, Rutgers Business School