Enterprise assist might be elementary to accelerating a companies’ optimistic influence on job creation, innovation and productiveness. For this reason governments internationally spend billions of public funds to assist extra top quality companies begin and scale. Nevertheless, not all entrepreneurs have equal alternatives to succeed: analysis demonstrates, as an example, that minorities and girls are sometimes at a drawback in terms of collaborating in entrepreneurship or accessing assist and different assets. Cities particularly play an essential function in supporting numerous teams of entrepreneurs, on condition that local-level, focused enterprise assist is prone to be more practical than nationwide insurance policies.
This report goals to supply metropolis officers a variety of coverage interventions to raised assist minority and feminine entrepreneurs, reminiscent of offering enterprise coaching or procurement. We concentrate on interventions that tackle three frequent challenges:
- Tips on how to obtain equitable charges of enterprise formation.
- Tips on how to enhance enterprise assist and community alternatives for Minority and Ladies-owned Enterprise Enterprises
- Tips on how to enhance equitable entry to metropolis contracts and native procurement alternatives.